Thursday, October 28, 2010

Fkli wrap...another +ve step..finish above 1500



Quiet and all the same, within Wed’s range. Fbm still struggle to get above 1500 without strong external. GENITNGs in profit taking mode. Fkli survives on external feel good sentiment as DJ futs points to a +ve mkt tonight. Europe +0.8%.

A strong finish tomorrow would seal a new higher trading range, 1510-1540, in early Nov. Immediate support is raised to 1500 while trend support remains near 1490+.

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