A white candle portrait following market ended with double digit up had cushioned the recent steep fall. The weak daily technical landscape looks neutralised a little. Market may look for a range to consolidate in near term. Thus, we continue to look for the resistance at 3595-3614 (gap left over on 7th July, 2008). While, support is pegged at 3439.
Wednesday, July 9, 2008
FCPO rebounded after recent steep fall
A white candle portrait following market ended with double digit up had cushioned the recent steep fall. The weak daily technical landscape looks neutralised a little. Market may look for a range to consolidate in near term. Thus, we continue to look for the resistance at 3595-3614 (gap left over on 7th July, 2008). While, support is pegged at 3439.