Tuesday, November 02, 2010

Fkli wrap....taking a breather...near record low vol



Fbm profit taking mode again from get go. Equity players around the world choose to stay sidelines…pondering over the size of Fed’s next stimulus package. Fkli also -ve tone but show resilience near 1510. Recover some grounds after Europe post +0.5% and DJ futs +20 in late Asian hours.

Technically, more dwside towards 7SMA is expected before making fresh up move. Upside depends on external push first. Below 1515 is trading sell.

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