Thursday, October 21, 2010

Morning start...fkli firm 1490-93 fcpo strong 3010-20

DJ +130, no major news. Airline stocks received a boost following Boeing's upbeat earnings, but financial shares lagged on mixed reports from big banks...CNN. Europe +0.5%.

8.25 : DJ futs -6. Regional takes cautious to softer stance, flat to -0.2%. Commodity strong. CO +2.5%. GOLD flat, still profit take pressure.

fkli : will wait for fbm near 90 and re-test 1500 once fbm > 1490. Above 1488 is +ve tone. Fbm is tech bullish if > 95.

fcpo: SO +1.6%. fcpo is to start above 3000 at the current SO gains. 3000-3020 for initial trades and if 3000 hold, fcpo is looking at 3000-3050 band. Support is raised 2980 from 2950.

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