Monday, July 7, 2008

FKLI may cover gap

A positive ending for the day had provide a little cushion to the market downside momentum. Market may want to challenge the upside gap left over on 3rd Jul, 2008 at 1132-1137.5 in near term. For downside, support is pegged at 1104.5.

Market view: hold long with buy stop at 1100.