Trading outlook for 15 March 2010
Institutional investors might heed for directions whether or not China might consider new measures to cap growth in its economy, which could prompt continued profit-taking on Monday. Declines might be limited however, as the move is paralleled to FOMC's upcoming meeting on US interest rates on Tuesday (US time). With ample liquidity in the regional financial system, most will seize on equities' weakness to position, or realign their portfolios. Trade selectively & optimize on trading ranges. Immediate support is 3,040-3,050, resistance at 3,090-3,100.