Wednesday, November 10, 2010

Fkli wrap....normal profit take activities...


No major upside amid weak external on fear of China tightening policy following strong surplus data. But dwside also limited. Both toppish at 30 and weak tone all day. Fkli off lows after fbm preclosing 4p push.

Upside bet remains intact but likely to sideways this week unless strong external again. Sideways range 1518-27. Below 27 is –ve bias.

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