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FBM KLCI expected today

FBM KLCI Today’s Market expected direction
composite-index-chart

FBM KLCI would likely to trade below 1,265.58 level.
Market Buying Strength :  About 30% of total market volume on 17/12/2009 was on buying side compared to 45% in the preceding trading day.  
“Movement” in Strong Hands :  Strong hands were seen liquidating a portion of stock positions on 17/12/2009.  
Pivot Point Studies for Intra-Day :  For Monday, 1 resistance @ 1,269.7 & 2 resistance @ 1,272.5 ; 1 support @ 1,264.4 & 2 support @ 1,261.9.

source; Mercuries research