Friday, July 17, 2009

FCPO Daily: in sideways


Market gave up the earlier gains to close at day low of 2020 level. Thus, market may trade in sideways in near term while searching for direction. Therefore, we continue to look for the immediate upside resistance at 2124 followed by 2150. While, immediate downside support is pegged at 2020-2000 followed by 1983-1964.