Wednesday, July 08, 2009

FKLI : morning gossip..mid point 1055

DJ -161/-2%, falling to two-month lows, as fears that the market has gotten ahead of any economic recovery were ramped up ahead of the start of the quarterly reporting period...CNN

8.30 : DJ futs -5 NK -1% Kos-0.5% Commodity prices suffer another selloff.

FKLi is seen aounrd 1050-1060. Due to it already discount, FKLi is seen wihtin 1055-1060 , with FBM support seen at 1060, in initial trades till HS opens. But, would not disocunt a breakdown scenario.

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