FCPO closed : 2649, changed : -11 points, volume : slightly lower.
Bollinger band reading : side way market.
MACD Histrogram : getting weaker, seller getting aggressive.
Support : 2620, 2590, 2570 level.
Resistant : 2650, 2670, 2700 level.
Comment :
Last minutes buying lifted price to closed almost at the high of the day recovered most of the earlier losses but still ended in negative territory with high volume transacted. Daily chart wise, today's candle tested below the middle Bollinger band but failed to stay below it suggest that there are significant support near these level and market is likely to trade side way range bound with a little upside biased in the near terms.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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