DJ futs +53p. Regional up 2% to 4%, recharge after 2-day break.Cash 917.89/1+10p. Off high after new cabinet details.
FKLI reversed Wed’s losses and park itself near the recent high but short of a breakout scenario. Big premium as bulls are upbeat that a firm opening tomorrow could send the mkt towards year-high level (the tip of the upside arrow) Expect profit take selling at this resistance ahead of the weekend.
918-930 is considered range trading tomorrow. Above 7SMA, is still positive market. Fresh up run is seen if FKLI above 930 and cash above 920.
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