Wednesday, July 30, 2008

FKLI eyeing upside gap at 1175.5-1182.5?

Market violated the recent high at 1154.5 and stayed firm with its upward momentum. Looks like market is targeting to challenge the gap left over on 30 Jun-1 July 2008 at 1175.5-1182.5. For downside, support is pegged at 1146-1155 (gap left over today).