Tuesday, December 21, 2010

Fcpo wrap....higher but still -ve .till >3600



A calm and quiet day again as attention shifts to equity mkt today. Strong interest after HS opens today.

Recovery tone continues on SO stong gains and equity feel good factors. But profits take pressure still persists. Unlike fkli, fcpo is yet to cross back into +ve zone, looks trap within 3500-3600. Above 3550 is “testing short term resistance” tone.

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