Wednesday, March 11, 2009

FKLI : morning gossip

DJ surged 6% on financial stocks led by Citi and news of reinstating uptick rule in short selling.

DJ futs +4p and NK +250p/+3%

Both our mkt are likely to take advantage of the postive factors to recoup some of the recent losses. Cash is seen at 860-870 ranges. FKLI is seen within the pink-line and the yellow-line ranges.

Today's mkt is seen towards trading-buy. Position-sell if the mkt can reach resistance lvl above 880.

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