Friday, January 15, 2010

Morning gossip...same range as Thu..fkli firm, fcpo soft

DJ +20, led by technology shares, as investors looked past the day's ho-hum economic news and geared up for Intel's quarterly report, released shortly after the bell. After the close, Intel said it earned 40 cents per share in the fourth quarter on sales of $10.6 billion. Both earnings and sales trounced estimates....CNN

8.30 : DJ -2. Regional flat, just +ve. Commodites weak on CO leads.

Fkli - no external factors to push it higher, likely to stuck within 95-00 again. Expecting a firmer fbm today, inching towards 1300 if can sustain above 1292.

FCPO- bulls are not getting help from SO. SO -0.5% CO -1.5%. Same range as yest 2500-2550, with downside-bias but expect 2480-2500 support to hold. Above 2520 is intra-day buy. Below 2500 expect some keenjerk reaction.

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