After the last week of long upper shadow candle, market has failed to hold well and re-enter to the downtrend zone with a long black candle. Consolidation phase may take place in near term. We continue to look for the support at 1083.5-1086.5. While, resistance is at 1187 followed by 1200.
Friday, August 8, 2008
FKLI Weekly: Market remained in bearish atmosphere
After the last week of long upper shadow candle, market has failed to hold well and re-enter to the downtrend zone with a long black candle. Consolidation phase may take place in near term. We continue to look for the support at 1083.5-1086.5. While, resistance is at 1187 followed by 1200.
