Thursday, March 19, 2009

FCPO Daily: looks little tiring


Market retreated to close at day low yet above 1900 mark. Market looks little exhausted after few attempts failed to break through 2000 mark convincingly.
Immediate daily technical landscape remains neutral in sideways mode. We continue to look for the immediate downside support at 1900-1890 followed by 1840-1830. While, upside resistance is at 1940-1950 followed by 1970-2000.