Friday, August 21, 2009

FKLI Daily: Great wall at 1166 levels


Market looks is forming a great wall at 1166 as prices tested three times at 1166 levels yet fail to break through. Thus, immediate technical landscape remains weak. Downside support is remains at 1148.5-1146 followed by 1130-1125. To the upside, resistance is stood at 1166 followed by 1179.5.