Market tested the immediate support at 1110-1109 in intra-day basic but managed to close above it. However, market momentum getting weaker following prices extended losses in two straight days. Hence, the immediate resistance remained at 1143-1146 and immediate support pegged at 1110-1109 followed by 1095-1092.
Thursday, August 7, 2008
FKLI extended losses in two straight days
Market tested the immediate support at 1110-1109 in intra-day basic but managed to close above it. However, market momentum getting weaker following prices extended losses in two straight days. Hence, the immediate resistance remained at 1143-1146 and immediate support pegged at 1110-1109 followed by 1095-1092.
