Wednesday, December 08, 2010

Fcpo wrap...profit take but no damages, uptrend intact


Profit take from get-go and survives a selloff during PM opening trades amid weak equity sentiment. Bargains under 3550 seen today but fcpo remains in consolidation mode, 3550-3600, dwside risk greater. Still if mkt stays above 7SMA, 3700 remains a viable target b4 year end.

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