The professionals are not interested to selldown the FKLI. Let's wait if they are willing to push to prices up.
Tuesday, May 06, 2008
4:21 pm - FKLI looks like it is not going down anymore.
A lot of short stops being triggered. FKLI is poised for higher movement.
Our short position is triggered at 1279/1282. We are thinking of going long.
9:50 am - DJIA hit resistance @ 13060-13100
The DJIA need to recover i.e. most likely to come down tonite before resuming its uptrend.
9:27 am - It looks like FKLI is resilient in the face of weaking regional markets.
This wud tell you that FKLI is likely to move sideway while regional markets is weaker.
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