Wednesday, September 10, 2008

FKLI Hourly: struggling around 1040


Market struggling around 1040 for the entire morning session. It had covered some of its upside gap left over this morning at 1042.5-1051.5. We continue to look for the support at 1036 followed by 950-940. For upside, resistance is pegged at 1046.5-1051.5 (remaining gap left over this morning).