Support: 7100
Resistance: 7200 / 7300


Players might be on wait-and-see mode, to check if supply pressure would continue Thursday.

Part of the support might stem from Biden’s smooth transition to US presidency, which could spur regional cooperation.

Overall, expect volatility, as investors heed for sequels on fiscal & monetary measures, parallel with the vaccine rollout.

Recommendation

Seize on weakness to position gradually.

Immediate support is 7,100, resistance 7,200-7,300.

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