Monday, January 24, 2011

Morning start...fkli firm 1543-45 fcpo firm 3750-60

-DJ +50. Europe +1% , steady unlike Asian sluggishness on Fri.

8.35:
-DJ futs -10. Regional firmer tone, +0.25 but looks cautious. Commodity mostly flat.

Fkli
-seen firmer but upside seen limited near 45-47 till fbm > 1550. Till then, -ve bias with fear of kneejerk towards 30+

Fcpo
-SO +0.5% , seen within 3750-3800. +ve bias if > 3740.

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