Friday, March 12, 2010

FKLI Daily: Bulls took a little breathe


Bulls took a little breathe after the recent sharp rise. Nevertheless, immediate daily technical landscape remains in positive outlook despite prices close lower with a long black candle. Market looks may extend its uptrend move in near term with upside projection is pegged at left over gap at 1337-1348 levels. To the downside, support is lies at 1311-1305 (gap left over on 8/3/2010).