Fcpo rebounds from 7SMA support lvl and bulls can look forward for a steady mkt as fears of a technical breakdown But still too early to call for a resumption of its current uptrend yet till it recaptures 2700 mark.
Next major round of selling is expected only if fcpo dips under 7SMA or 2650. In the meantime, bulls are likely to step up their effort to push it back above 2700 for the week closing after today’s effort.
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