3rd October 2011, Weekly Market Outlook

Summary

For detail, please click here.

	Stock	Futures
		FKLI	FCPO
Today Strategy & Stock Pick	For Risk Taker Stock: -	Risk Taker: Can initiate short position. Risk Averse: Initiate short position if the FKLI dropped below 1350 level.	Risk Taker: Can initiate short position. Risk Averse: Can initiate short position.
	For Risk Averse Stock: -
Stop Loss	-	Risk Taker: Around 1405 level. Risk Averse: Around 1405 level.	Risk Taker: 2950 level Risk Averse: 2925 level
Market Direction	KLCI: Downtrend.	Downtrend	Starting of the next downward trading.
Support & Resistance level	KLCI: S1: 1377 S2: 1350 R1: 1400 R2: 1423	Support: S1: 1366; S2: 1350	Support: S1: 2800; S2: 2750
		Resistance: R1: 1400; R2: 1420	Resistance: R1: 2900 - 2919; R2: 2950
Initial Margin	-	RM5000	RM7000
World News	Greece to miss targeted deficit according to the drafted budget released yesterday. US market suffered with the worst quarter closed in almost 3 years. Kodak denied bankruptcy filing.