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Friday, August 1, 2008
FKLI Weekly: Market close with a long upper shadow candle
Market touch and go at 1200 level had printed a long upper shadow candle on the weekly chart. Downtrend line was violated due to the market hit 1200. We continue to look for the support at 1083.5-1086.5. While, resistance is at 1200.
Market touch and go at 1200 level had printed a long upper shadow candle on the weekly chart. Downtrend line was violated due to the market hit 1200. We continue to look for the support at 1083.5-1086.5. While, resistance is at 1200.