SET 50 : 633-635 the target for next week
February 10, 2011 Leave a comment
The SET 50 came down to 655 or so as forecast yesterday, with the next level to watch being a longstanding day chart gap from Sept 21-22 at 647.30 down to 643.55. We do not view the 650 level as an important support, although some may view it as a psychologically important level.
The chances are 633-635 will be hit in the not too distant future, and all the quicker if the border issues flare up again before close today….or indeed over the weekend.