Thursday, May 28, 2009

FKLI : morning gossip

DJ -170/-2%.

DJ futs -19. NK -26p. Kos +1p

Without DJ +ve factor and plus poor gdp data, its going to be a tough day for long players. Can 1040-1060 remains or are we looking at 1030-1050 range instead. While mkt is expected to be weak, i do not see a dramatic change in the technical outlook

1030 seems a strong support. buy on strength only today.

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