Thursday, October 30, 2008

FCPO Daily: ended up off from 10 % limit up


Market ended up off from 10% limit up level. A white candle printed had helped to neutralise a little the market downside momentum. Looks may continue its consolidation phase after the strong sell down. Currently, we look for the immediate upside resistance at 1586-1593 followed by 1635-1639 (gap left over since 21st Oct, 2008). While, immediate support is at 1491-1441 (gap left over today).