Thursday, March 18, 2010

Morning gossip..fkli firm fcpo firm

DJ +47, 7-day winning streak, after the U.S. and Japanese central banks chose to keep interest rates low and the Senate passed a key jobs bill. Europe +0.5%

8.30 : DJ futs +12. But regional softer on profit take, 0.2%. Commodity firmer tone., near +0.5%

fkli : still waiting for fbm to catch up. likely to start positively but fear of fbm dipping under will remain fresh. fkli is seen taking 1307-1312 range again until further cue from fbm. fkli gains above are unlikley to sustain for long unless fbm breaks 1304 today.

fcpo : SO not much actions, +0.2%. Another attempt at 2600 resistacnce is likely, if successful, mkt is seen trading within 2600-2630 range. Lower end range is pegged at 2570-2600.

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