Wednesday, April 07, 2010

Morning start...fkli firm 1345-50 fcpo firm 2530-50

DJ -3. Europe +0.5%

8.12 : DJ futs -13. Regional flat. Commodity firmer tone. CO +0.2%. GOLD flat. Ringgit very strong 3.2020. It looks like a quiet day till HS reopens.

fkli : stronger RM is seen +ve today, fkli likely to protect 45-50 range but RM itself is unlikely to create fresh run. Strong cue would come from HS, if any. In the meantime, toppish outlook on profit. Intra-day sell if fbm.fkli under 45.

fcpo :SO +1% this means a follow through below 2500 is unlikely today instead the mkt will move back to its recent mid range....in and out of SMAs...negotiating the next direction..technically speaking. Above 2520, is intra-day buy. 2500-2550 range again.

No comments:

Post a Comment