Monday, October 12, 2009

FKLI : morning gossip...1240++

DJ +70 on Friday, ended the week on year highs ahead of 3Q results, beginning this week with some of "THE" financial stocks. ( see Economic data week ahead..)

8.30 DJ futs +30. NK clsed for holiday today. Kos flat. Dollar recovering on tighthening policy talk. Commodity strong.

Fkli is seen attempting 1240-1250 range. It may keep near 1240 first, waiting for fbm's cue to break above 1236 , to justify 1240(FKLI) as an intra-day support.

A buy mkt if mkt stays above 1234.

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