Tuesday, March 31, 2009

FKLI : morning gossip

DJ -254p/3.2%. NK +13P KOS +7P. DJ futs +30P.

DJ fell additional 1% from the mkt expectation but DJ futs is seen +ve and this is a relief and could spark buybacks. Overall sentiment however will remain soft. DJ futs is the key today.

I think yellow-line support will hold today. But any upside is limited at 880.

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