Tuesday, July 8, 2008

FKLI failed to cover gap

FKLI failed to cover gap and violated the 1100 levels had turn bearish mode as shown in above hourly chart. As for now, look for the immediate support at 1045.5 (low since 11th Mar, 2007). For upside, immediate resistance is at 1121.5

Market view: turn short with buy stop at 1122.