Index opened up despite weak finish on Friday US market. We expect 3200 is a very strong resistance which will be tested several times before breaking upwards.
News update :
1) US says G-20 should lower current-account imbalances to 4% of GDP by 2015: reports
2) US stocks inch into positive territory at opening bell; energy sector is top performer.
3) Dow fails to join Nasdaq, S&P advance Friday; US stocks higher on week.
4) Bank failures in Georgia and Florida raise years’ tally to 135.
Quick Picks :
1) NOL enter 2.19 SL 2.08
Medium Term Picks :
1) IndoAgri enter 2.70 SL 2.23
2) Wilmar enter 6.49 SL 5.87
