Morning start ... fkli firm 1306-09 fcpo firm 2380-90

DJ +4, softer tone on weaker home sales but rebounded from its lows on Tue's fell good rally. Europe marginally higher, +0.5%

8.15 : DJ futs -20. Regional -0.5%. Commodity mostly higher on follow through. CO +0.5%. GOLD flat.

fkli : likely to stay +ve unless fbm < 1306, with upside potential at 1310-1315 range if fbm crossesa above 1307-1308 range. fkli remains intra-day buy if trades above 1306.


fcpo : SO +0.5%. Firmer external factors would encourage another test at 2400 resistance. But at current SO gains, 2400 looks heavy. Above 2480, is buy mkt.