DJ --100/-1, falling for a second session in a row on continued worries that the pace of the recession is not waning as much as has been hoped...CNN ( same old story like yesterday)
8.17 : DJ futs -7. Nk +20 Kos -7. Commodities lower in early trade.
FKLi is seen heading towards 1070-1080 range trading again. While bargain is likely at the lower end, upside will depends on HS price action. If Klci breaks 1070 , the next support is seen at 1060. Therefore, the worst case scenario for FKli is to go towards the 1063++.
Since the mkt is not expected to show any significant reversal signal, like back above 7SMA, today, wait for both mkt to go near "oversold" before engaging bargains. That probably would happen today also.
5 years ago
No comments:
Post a Comment