Thursday, March 17, 2011

Fkli wrap....bulls defending...waiting for +ve external

-Regional mostly lower, -1%, off lows. Fbm very resilient from start and gains more traction in PM with strong leads from DJ futs, +100 and Europe +1%. While radiation remains highs, no fresh leak was reported today and mkts probably applaud Japan’s water splashing effort so far – via choppers, water cannon truck

-technically neutral to upward bias as > 1490. Another relief for bulls, with 1480 holding strong again. Volatility remains high as long as Japan nuclear crisis stays liquid.

-mkt seen making an attempt at 1500 tomorrow

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