Morning slump...fkli bearish 65+ fcpo 2490-2510

DJ -130 fear of a bear mkt outweighed strong housing data after mkt dipped into correction phase. Europe mixed, flat.

8.20 : dj futs -50. regional -1.5%. commodity -ve tone, except GOLD +1% CO -1%

fkli : another selloff seen once fkli dip delow 70 with support seen at 60 if fbm does not face any major pressure like yesterday. First 65-70 range but mkt is likely to head for the lower ranges of 1250-1290 band b4 significant rebound.

fcpo : agricultural bucking the trend, SO +1%. This would encourage fcpo to make anotehr attempt at 2500 resistance. trading banfd is raised one notch higher 2490-2510. +ve if > 2490