Support Line

Dutaland hit a high of 65.5 sen during intra-day session on renewed buying interest, the best since October 2011. Based on the daily chart, prices are likely to face significant resistance at the 68-70 sen band followed by the 77-sen mark, a breakout of which would see upward momentum, en route to the 90-91 sen range. Support is resting at the 59-sen level.

KNM Group fell to a 2½-month low of 87.5 sen on extended profit-taking activity. Technically, this stock will remain in correction mode as long as the declining 21-day simple moving average (SMA) of 99.5 sen continues to pressure prices. Initial support is seen at the 84.5-sen level, followed closely by the 200-day SMA of 77.5 sen.