25th September 2011, Weekly Market Outlook

Summary

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	Stock	Futures
		FKLI	FCPO
Today Strategy & Stock Pick	For Risk Taker Stock: Need to take note on Maybank’s selling pressure.	Risk Taker: Hold on to your small short position. Risk Averse: Hold on to your small short position.	Risk Taker: Can initiate long position for range trading if the FCPO can hold above the 2950 level. Risk Averse: -
	For Risk Averse Stock: -
Stop Loss	-	Risk Taker: Revised lower to 1420 level. Risk Averse: Around 1400 level.	Risk Taker: 2917 level Risk Averse: -
Market Direction	KLCI: Downtrend, expecting some technical rebound.	Downtrend, expecting some technical rebound.	Range Trading
Support & Resistance level	KLCI: S1: 1350 S2: 1300 R1: 1400 R2: 1423	Support: S1: 1350; S2: 1300	Support: S1: 2950; S2: 2917
		Resistance: R1: 1400; R2: 1420	Resistance: R1: 3000; R2: 3032
Initial Margin	-	RM5000	RM7000
World News	IMF promises to tackle Eurozone’s debt crisis. Greece is being hit by 24-hour public transport strike. World indices are expecting to resume its “bottom searching”.