Friday, April 22, 2011

Morning start...fkli firm 1528-30 fcpo firm 3310-30

DJ +50 , extends run on strong earnings. Europe mostly higher, +0.5% . But regional off to a softer start. NK -0.5%. Commodity firmer tone but quiet. FKLI profit take pressure seen above 30 lvls today. Dwside is likely to be suported at 20. Upward bias if fbm > 25, maintaining +ve posture for next week. FCPO SO flat. Another 3300-3350 range play?. Upward bias tone if above 3300, targeting a breakout above 3350.

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