Tuesday, March 24, 2009

FKLI Daily: Eyeing 900 mark


A long white candle printed had added strength to the market momentum. Resistance at 875-880 had been violated, thus market likely to move sideways to higher in near term. We now looking for the resistance at 886-888.5 (left over gap since 2/3/2009) followed by 9000. Support is pegged at 861.5-860.5 (gap left over on 23/3/2009).