SET 50 : Outlook for Feb 21st
February 20, 2011 Leave a comment
The SET 50 has 700 to 703 as its next hurdle, then 705. If the Energy sector, and possibly Agri and Petro will need to move with a tad more vigor than seen last week, which will be needed given BANKS look a bit tired after leading the rebound last week.
Close analysis of the flows at the 703-705 level will be in order, because it could get bogged down here and possibly undergo a spot profit taking. However if crude oil rallies strongly above US$ 92 or so (for NYMEX Light) then 715 to 720 may just be hit during the course of the week.