FKLI (15 mins chart)
The index futures recently broke is downtrend line pushing the way off the critical selling zone. Upon then, the futures has been priced on a premium over the index (underlying). Amidst uncertainty on the economics forecast over the coming year while uncertainty in events over the tensions among countries lately could also create volatility in the market. Index futures hsa been performing considerably good but yet to claim over the previous high. Immediate outlook remain positive over the market.
Immediate Resistant : 1522.5
Immediate Support : 1485
No comments:
Post a Comment