Friday, November 7, 2008

FKLI Daily: downtrend resume


Market looks tiring after the recent rebound following it failed to stay firm at 900 mark. This had given chance for the bear to take advantage. At the current level, we look for the immediate resistance at 893.5-905 (gap left over yesterday) followed by 927-937. While, downside support is pegged at 875-871.5 followed by 863-859.5.