Tuesday, October 7, 2008

FKLI Daily: fully covered upside gap at 1005-1009


Market managed to recover and rebound from early losses to end higher. Gap left over yesterday at 1005-1009 has been fully covered. Nevertheless, the overall technical landscape remained in negative. Thus, we continue to look for the support at 961.0 followed by 930-935. Immediate upside resistance is at 1020-1025.