Wednesday, December 22, 2010

Morning start...fkli firm 1510-13 fcpo strong 3580-90

DJ +50, at 2 years high. Europe +1%

8.15 : DJ futs -7. Regional flat. Commodity strong on weaker US$. CO +1%, topping 90 mark. GOLD firm but flat.

fkli : profit take start seen, amid overdone condition yesterday. Likely to wait for fbm first near 1510 and +ve tone, if fbm sustains above 1505. Fkli will turn bullish if fbm>10 as fkli is seen at 15-20 then.

fcpo : SO +1%. incentive for fcpo to test 3600. A crossing above 3600 is fresh bullish tone but a tug of war seen today. A buy mkt if > 3560.

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