Friday, June 10, 2011

Morning start...fkli firm 1555+ fcpo weak 3270-80

DJ +75 bounce from 6-day losing streak and oversold condition, taking cue from EU +1%. Commodity firmer tone.

8.30 : regional +1%. DJ futs +10. HS set to bounce off lows too after a 6-day losing streak. CO +1%

FKLi 50-60 play, slightly higher than the past 4-day near 45-55. Strong as long as fbm>50 but upside is unlikely to deviate from its 5 days ranges.

FCPO SO -0.5% defensive start but profit take buy seen around 3250+ or if mkt recaptures 3300 resistance 3250-3350 .

No comments:

Post a Comment