The index futures and benchmark index has been on the positive territory throughout most of the day. However, a late sell down on Digi(6947) which is belief to be a mistake causes the respective stock to fall as much as 3.50 which contributes to a 14% lost in market cap. The fall in Digi also brought to a drop on the index of about 7 points in the index. However, overall build up on the futures suggest a pullback on a support. Overall market is still considered strong while breakdown at 1460 and below would potentially lead to more selling interest.
Immediate support is at 1460 and immediate resistant remain at 1480.
No comments:
Post a Comment