Morning start...fkli weak 57-60 fcpo strong 2730-50

DJ-16, losing streak conitnues on weak retail data. This week, major retail's stocks, WalMart etc will release thier 2Q earningis report. Europe -0.2%

8.30 : DJ futs -30. Regional -1%. Commodity mixed, does not seems to have a clear direction.


fkli : without a +ve external, immediate follow through upward momentum is unlikely. fkli is seen drifting back 60 range, with 55 as the immediate support. Below 1360 is intraday sell, targeting the lower half of 52-62 range.

fcpo : SO +1.5%/ Another strong showing is expected from Fcpo. May see 2800 on kneejerk but a tug of war near 2750 is more likely the case. Above 2720 is bullish.