Tuesday, March 16, 2010

FKLI Daily: Tiredness


Market shows some tiredness after the recent strong rallied. Weak closing for three straight days with downside gap at 1311-1305 was fully covered had slowing down the market upside momentum. Thus, market may enter into correction phase with upside resistance is pegged at 1325 followed by 1337 levels. While, downside support is looking at 1291-1288 (gap left over on 5/3/2010).