Monday, March 22, 2010

Morning gossip..fkli weak fcpo weak

DJ -40, snapping a 8-day winning streak. Europe off -0.5%.

8.25 : DJ futs -30. NK closed. Kospi -0.7%. Commodity weaker tone, Gold -1.5% , CO -2% on stronger dollar.

fkli : is seen stuck witihin 90-98 range with greater downward-bias risk as the mkt is expected to remains in a negative zone of 1280-1300 today. Below 1293.5, is fresh intra-day sell signal mkt, targeting round figure 90 today or 30SMA in the coming days

fcpo : soyoiil is trading -0.5% lower on weaker commodity stance across the board. This would hamper bulls followthrough,. Jun10 fpco is likely to start softer near 2560 and range bound within 2540-2580.

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