Monday, February 07, 2011

Fcpo wrap.....internal profit take tone ahead of expiry....

-looks like more consolidation first amid 3900 toppish outlook today. It looks like sell on strength tone but momentum is likely to pick up Thu onwards if fcpo still remains above 3850.

- must see a closing above 3900 to induce short term bulls buying. Below 3900 is short term trading sell.

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