Thursday, November 5, 2009

FCPO Daily: More room to upside potential


A convincing breakout from the 2250 levels has proved to us that bulls won the battle and has giving us a more clearer market direction. Thus, market looks may continue to march higher in near term. As for now, we are looking the upside resistance at 2280-2299 (gap left over on 2/9/2009) followed by 2335-2352 (gap left over on 1/9/2009). Downside support is lies at 2180 followed by 2150-2130 levels.