Friday, June 17, 2011

Morning start...fkli firm 1550 fcpo frim 3200-10

A mixed bag overnight, DJ +50, EU stuck near -1%. Commodity l flat.

8.30 : Regional flat, firm. DJ futs +30. CO +0.5%

Fkli , likely 45-55. , steady near neutral 49-53,, upside bias if fbm >56. 50-55 if fbm 50-54.

Fcpo SO +0.1% firm on weekend profit take buy first, and sell on strength later. 3200-3240 if SO remains in +ve. If so and a fresh violation below 3190 later, if any, could see knee jerk sell.

No comments:

Post a Comment