Thursday, March 17, 2011

Morning start...fkli weak 1485+ fcpo weak 3300+

DJ/europe -2%, Japanese investor likely main sellers, repatriation process. US stocks also pressure by weak housing data

8:.20
DJ futs +12. NK -400, exporters hit by strong yen too, under Y80 per US$. Regional -1%.

FKLI
-range play with danger of brakdw again. At current external scenario 1480 looks supported. Below 1490 is -ve with risk of kneejerk towards 1470. Fbm seen at the lower band of 1480-1490

FCPO
SO -1.5%, another test for bulls as tug of war at 3300 is likely again. Fair seen at 3300 with the current SO lvl. 3350-3250.

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