Thursday, November 11, 2010

Morning start...fkli firm 1527-30 fcpo firm 3400-10

DJ +10, no move ahead of G20 but Europe -1% on earnings and outlook. concerns.

8.25 : DJ futs -40. Regional mixed to +ve. NK +30 on weaker yen. KOS flat. Commodity strong. GOLD/CO +1%.

fkli : maybe fbm can do wonder but looks like another premium-reluctant play for fkli again amid cautious to mixed external. Below 27 is -ve bias targeting 1519-20 support. Seen cathicng with fbm if fbm crosses back above 30. Fbm is +ve if above 25-26 today.

fcpo : SO +0.7%. Fcpo bulls will aim for 3400-50 range. Above 3410 is bullish. Sell tone if < 3390.

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