Wednesday, June 17, 2009

FCPO Daily: Struggling


Market is struggled to survive at 2400 mark and outlook remains hazy. A breakout of either 2350 or 2450 may provide us a more clearer direction in near term. Thus, we continue to look for the immediate support at 2350 followed by 2320-2300. To the upside, immediate resistance is at 2450 followed by 2500.