FKLI broke the immediate resistance at 1146 and surged to the intra-day high at 1148.5 before easing off to end in negative territory. Looks market may consolidate further in near term. We now looking at the resistance and support at 1159 and 1110-1109 (gap left over on 23rd Jul, 2008) respectively.
Thursday, July 24, 2008
Consolidation phase in FKLI
FKLI broke the immediate resistance at 1146 and surged to the intra-day high at 1148.5 before easing off to end in negative territory. Looks market may consolidate further in near term. We now looking at the resistance and support at 1159 and 1110-1109 (gap left over on 23rd Jul, 2008) respectively.
