Thursday, December 18, 2008

FKLI Daily: may move sideways to bias upside potential


Immediate daily technical landscape looks brighten up following prices stayed firm at 870 level. Potential of sideways to bias upside potential is there if market manage to maintain its fighting spirit. To the upside, we are looking the resistance at 876.5-877 followed by 891-891.5. While, downside support is pegged at 853.5-850.