Monday, October 26, 2009

FKLI : morning gossip....62-65

DJ -100 as commodities fell from recent high.

8.20 : DJ futs -7. NK and Kos flat not reacting to Fri's DJ loss. NK -20. Kos +3. Commodities off 1% to 2 %

fkli is likely to take comfort and stay firm within 62-65 before taking cue from fbm like whether fbm will try 70 or head towards 60.

Despite DJ loss, fbm. fkli are likely to hold above 60. And any upside should be treated with cautious before HS opens.

Below 63, fbm.fkli are a technical sell mkt.

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