Thursday, September 3, 2009

SSE Daily: Maintain in bearish outlook


A mild gain for consecutive two trading days was not enough to change the immediate bearish technical landscape. Thus, market may continue to move lower in near term with immediate downside support is pegged at 2639-2635 (unfilled gap left over since 1/6/2009) followed by 2538 levels. While, upside resistance is stood at 2817-2843 (gap left over on 31/8/2009).