Sunday, October 23, 2016

24 October 2016

HSI Futures

The S&P 500 and the Dow ended little changed and the Nasdaq advanced on Friday, as a record day for Microsoft and earnings from McDonald's helped offset a fall in energy and healthcare names.

China stocks traded sideways on Friday but managed to end the session slightly up, as strength in infrastructure shares offset concerns rooted in continuing yuan weakness. Hong Kong markets will resume trading today after being shut for typhoon warning last Friday.

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Plan A : Above 23465, do nothing
Plan B : Below 23258, do nothing
Plan C : Attempt buying if market holds firm above 23361
Plan D : Cut below 23258
Plan E : Consider selling if market fails to breach above 23465
Plan F : Cut above 23510


FKLI

FKLI went through a lackluster trading last Friday, falling below 1660-level before settling at 1663.5 before going into the weekend. Market could have a muted opening to some slight upward bias today especially if market were to hold firm above 1664 today.

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Plan A : Attempt buying if market holds firm above 1664
Plan B : Cut below 1657
Plan C : Consider selling if market face resistance around 1669
Plan D : Cut above 1674.5


FCPO

FCPO regained the losses made in the morning towards the second session on Friday. Dalian and soybean oil have positive outlook while Ringgit stays at RM4.18 against the greenback.

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Plan A : Buy if market retraced and supported above 2720. Targets are 2735, 2745 and 2763.
Plan B : Sell if market rebounded and resisted around 2763. Targets are 2739, 2727 and 2715.
Plan C : Above 2763, no fresh position.
Plan D : Below 2720, no fresh position.



*Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters and CNBC. The information does  not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment.   

1 comment:

  1. Asian Paints (down 2.25 percent), HDFC Bank (down 0.39 percent), Axis Bank (down 1.01 percent), Dr Reddy's Labs (down 0.6 percent) and Zee Entertainment (down 1.8 percent) were under pressure ahead of second quarter earnings on October 25.
    Capitalstars

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