19th September 2011, Weekly Market Outlook

Summary

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	Stock	Futures
		FKLI	FCPO
Today Strategy & Stock Pick	For Risk Taker Stock: Airasia: If the stock breaks through RM3.50.	Risk Taker: Hold on to your small short position. Risk Averse: -	Risk Taker: Hold on to previous long position and accumulate further long if the FCPO successfully hold above the 3075 level. Risk Averse: Can initiate long position if the FCPO breaks through 3100 convincingly.
	For Risk Averse Stock: Airasia: If the stock breaks through RM3.50.
Stop Loss	RM3.28	Revised lower to 1450 level.	Risk Taker: 2950 level Risk Averse: -
Market Direction	KLCI: Downtrend	Downtrend	Uptrend is expected
Support & Resistance level	KLCI: S1: 1423 S2: 1400 R1: 1450 R2: 1464	Support: S1: 1400; S2: -	Support: S1: 3037; S2: 3000
		Resistance: R1: 1450; R2: 1467	Resistance: R1: 3164; R2: 3200
Initial Margin	-	RM5000	RM7000
World News	Singapore analysts cut Singapore’s growth forecast lower to 5.3%. Further weakness suffered in Euro-Dollar. Slower growth in US factory output.