After all day in –ve territory, fbm turns +ve on closing following a 4p jump in the preclosing stage. Despite DJ big fall, fbm and regional only experience selling in the first hour, thereafter remains sideways in –ve zone. Europe -1% in early hours also fails to spark interest. Regional near -1.5%
Fkli turns technically +ve after regaining 50 mark again. Only opening sell pressure, the rest mostly scaling-higher tone and takes +ve zone in last mins.
Fbm.fkli seen sideways Fri ahead of the weekend with bulls having the upper hand as mkt give “respect” to 7SMA support today. Targeting a breakout higher next week, if > 60.
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