Wednesday, March 23, 2011

Morning start....fkli firm 1503-05 fcpo firm 3340-50

DJ -17, taking a break ? after reclaiming pre-Japan earthquake. Europe -0.5%.

8.15
Dj futs -8. Regional flat to -1%. Commodity mostly higher on CO gains, +2%

FKLI
seen some recovery after yesterday last min selling activities. 1500-1505 in early trades and upside seen limited amid weaker external. Dwward risk higher, 1493-1510. FBM is seen in -ve 1500-1510.

FCPO
SO +1%, some relief for bulls, enough to maintain support for range bound play, 3300-3370 but unlikely to generate enough momentum to break major resistance 3400.

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