Sunday 30 October 2011

31st October 2011 - Weekly Market Outlook

Summary


For detail, please click here.



Stock
Futures
FKLI
FCPO
Today Strategy & Stock Pick

For Risk Taker Stock:
Will recommend once detect any stock that is worthwhile to accumulate.
Risk Taker:
Can get ready to initiate short position when the FKLI unable to take over 1500 level convincingly.
Risk Averse:
Remain intraday trading.
Risk Taker:
Remain short position.
Risk Averse:
Remain intraday trading.

For Risk Averse Stock:
-
Stop Loss
-
Risk Taker:
-
Risk Averse:
-
Risk Taker:
2920 level      
Risk Averse:
-
Market Direction
KLCI: Uptrend but face with tough resistance at 1500 level.
Uptrend but shall take extra cautious at this level.
Range Trading.
Support & Resistance level

 KLCI:
S1: 1470
S2: 1453
R1: 1487
R2: 1500
Support:
S1: 1465; S2: 1446
Support:
S1: 2950; S2: 2900
Resistance:
R1: 1482; R2: 1493
Resistance:
R1: 3000; R2: 3045
Initial Margin
 -
RM5000
RM6000
World News

  • More than 60% of global consumer confidence remained weak.
  • DJIA closed mixed on last Friday.

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