Like fkli, fcpo also rebounded sharply in PM, after a steady AM session , encouraged by SO gains for 2 consecutive days and tech buy above 2500. Fcpo crossed above 2500 shortly after PM opening bell. It triggered late buying activities that pushed fcpo to finish at day's high.Fcpo managed to hold above 2480 lvl today, encouraging short covering activity but market remains dwtrend till it regains 7SMA. Positive if > 2500 as mkt is seen attempting to reverse recent dwtrend to consolidations phase, 2500-2570. New major sell force is only expected if fcpo near 2480-90 range.
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