Wednesday, December 01, 2010

Morning start...fkli soft 80-82 fcpo firm 3430-40

DJ -40, as European economy continues to drag. Europe -0.5%

8.20 : DJ futs -17. Regional firm tone, +0.1% on strong local currency support. Commodity mixed tone. CO -1% GOLD +1%

fkli : -ve tone prevails if < 90. fkli seen under 1480 if fbm <85, targeting 74-76 range. 80-90 with further dwside risk if externals bearish.

fcpo SO +1%. fcpo is bullihs today if 3400 holds and looking good to attack 3500 if 3450 resistance is breached. Below 3400 is intra day sell on profit take activities.

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