Taking its own cue, fbm.fkli reversed AM firm tone to bearish tone in the PM session. Not much external signals at that time – mixed and flat, looks concerns about oversold condition but not wanting to make a rebound till DJ shows some strength.
Fbm.fkli saw selloff in PM session – 3.20 pm onwards. Year-low cpo price pressured SIME in PM session , tech bearish too after 1300 support gave way. Fbm 6-day losing streak, -27 point
Technically, mkt extending its dwtrend outlook after trying to hold above 1300 for the past 3 1/2 days – actually did not expect a breakdw today! . Trading range is lowered to 1270-1310. Below 1300 is bearish.
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