Thursday, January 22, 2009

FKLI Daily: immediate support at 865-860


Market looks had found a good support at 860-865 after the yesterday sell off. However, immediate daily technical outlook remains weak despite prices bounced back to close near the day high. For now, we continue to look for the support at 865-860 level. Upside resistance remains at 883.5-887 (gap left over on 20/1/2009) followed by 890.