Wednesday, May 06, 2009

FKLi : morning gossip

DJ -16 on profit take.

DJ futs -7. NK holidays. Kos +2p

Not so much of outside factors today.

FKLI is slightly negative, below 912.5, with downside risk towards 7SMA/990++ after yesterday perfomance. Market is likely to remain quiet, ranging and cautious ahead of US 19 banks stress test due out Thus. The question is whether we are looking at 990-1000 band or 1000-1010 today.

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