Tuesday, April 20, 2010

FKLI Daily: Losing upward momentum


Market is losing its upward momentum following prices gap down to fully cover the downside gap at 1327.5-1320.5 levels. Thus, market may enter into correction mode after the recent strong rally. As for now, we are looking for the immediate upside resistance at 1326-1330.5. While, downside support is lies at 1310-1300 levels.