Thursday, May 7, 2009

FCPO Daily: Holding well at 2600 mark


Market was holding well and building base at 2600 mark after a healthy correction. Bull looks likely to waltz towards the northern direction in near term. We continue to look for the upside resistance at 2798-2800 followed by 2850-2870.To the downside, support is pegged at 2600-2580.