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http://www.epiclearning.in/malaysia-webinar/
MALAYSIAN shares ended higher on Tuesday with the Kuala Lumpur Composite Index adding 18.19 points to close at 1,814.04.
Some 1.95 billion lots, valued at RM1.84 billion were traded. Gainers numbered 400 while losers numbered 415.
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TRADING TIPS :
GBP/USD hit 1.4839 during European morning trade, the pair’s lowest since Friday; the pair subsequently consolidated at 1.4867, retreating 0.57%.Cable was likely to find support at 1.4720, Friday’s low and resistance at 1.5012, the high of March 19.The pound dropped against the U.S. dollar on Monday, as the greenback regained some ground after declining sharply last week on the back of fresh uncertainty over the timing of a U.S. rate hike, while markets eyed upcoming U.K. data on industrial orders expectations.The dollar remained under pressure amid uncertainty over the path of U.S. monetary policy after the Federal Reserve downgraded its forecasts for growth and inflation and lowered its interest rate projections last week.
INTRADAY OUTLOOK
Support: 1.4930
Resistance: 1.4990
RECOMMENDATION:
1. Buy GBP/USD Above 1.4992-TG: 1.5012/1.5042 SL 1.4962
2. Sell GBP/USD Below 1.4928-TG: 1.4908/1.4878 SL 1.4958
INTRADAY OUTLOOK
Support: 1.0780
Resistance: 1.0860
RECOMMENDATION:
1. Buy EUR/USD Above 1.0862-TG: 1.0882/1.0912 SL 1.0832
2. Sell EUR/USD Below 1.0778-TG: 1.0758/1.0728 SL 1.0808
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MARKET UPDATES :
The FBM KLCI index lost 5.48 points or 0.30% on Friday. The Finance Index fell 0.40% to 15968.45 points, the Properties Index up 0.00% to 1303.7 points and the Plantation Index down 0.11% to 7802.05 points. The market traded within a range of 8.16 points between an intra-day high of 1806.90 and a low of 1798.74 during the session.
STOCK RECOMMENDATION :
BUY KESM INDUSTRIES AT 2.790 – 2.800 TARGET 2.850 2.950 SL 2.720