Strategy: Be cautious and accumulate buy only when the index retreats. Focus on those with good earnings reports in 1Q16, namely finance, tourism, health care sectors, as well as some retail businesses.
Technical stocks: BKD, TSE, ROBINS(short)
Market direction: Yesterday's selling pressure in telecom sector and SCC could not offset by buying back in banking and energy sectors. Although oil closed above US$40 last night benefiting energy names, SET today is likely to trade in a narrow range with limited upside of 1375-1380 points. There is also higher risk of taking profit before long holidays during Songkran festival. Though history tells us that the stock market after Songkran holiday usually rises, FSS recommend investors to be cautious and accumulate buy only when the index retreats.
Support 1364-1360, 1357-1352, 1345-1340
Resistance 1375-1380 , 1385-1389
Source: fnsyrus.com / settrade.com
