Monday, August 24, 2009

FCPO Weekly: in mix view


Market recouped all its early losses to end higher had chart in a long lower shadow candle had helped to provide some cushion to the recent sell down. However, immediate technical landscape remains in mix view. Thus, market may move in sideways in near term. To the upside, resistance is adjusted to 2521. While, downside support is pegged at 2230-2225.