Monday, September 14, 2009

FKLI Weekly: Where's the TOP?


Market violated 1200 mark convincingly had strengthen further the overall bullish technical outlook. Uptrend likely to continue in near term as bulls do not showing any sign of tiredness mode. Thus, we are looking for the upside resistance at 1230-1240 followed by 1270-1280. Downside support is pegged at 1190-1180 followed by 1160-1150.