Monday, May 23, 2011

Fcpo wrap....May's upside taking a breather this week...



Tracking equity sentiment, fcpo fails to create any significant upside today and mostly defensive and –ve day after dipping under 3390 lvl. A setback but short term uptrend remains, still above this mth uptrend line and 7SMA support.

Generally dwward-bias, on testing support scenario, if mkt stays below 3400.

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