False hopes when Fbm hits fresh year highs in the first 15mins. Fbm quickly retreats back to Fri’s “b4 sudden late buying” lvl near 88-90 and sideways around this band for the most of AM.
External extends AM losses in PM. HS -380, EU -1% on banks but fbm banking on tech support. But fkli plays safe, keeping a wide distance on late selling amid DJfuts -90.
Fkli turns tech negative - under 7SMA and 1-mth uptrend line. 1600 target is taking a backseat now, as mkt needs to recover fresh momentum and at the same time bulls will play defensive at 1580 critical support first, trying to maintain 80-00, If not so lucky, 1565-90 this week
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