HSCEIF up 37 pts in sideways on strong steam at 250MA
HSCEI futures, after wiping out early gains yesterday to fill the top of the downside gap set on 5 Aug, opened 83 pts higher and faced resistance after rising to 11675; it then slid and hit intraday low at 11478, safeguarding at 250 MA(11458). It recovered early losses near the close, finishing the day at 11570, up 37 pts, with premium of 70 pts on volume of 43,663 contracts, up 4,059 contracts. (t)
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