External +ve tone but regional off highs in PM as cautious tone ahead of US retail sales data. EU +0.5% as EU governments slam rating agency. DJ futs +40. Fbm, however, gains stop near 95 and mostly 90-93 in sluggish trades.Fkli also off highs on fbm weakness but strong defence work at 90 and yet to give up 1600 yet. Positive tone for the week closing seen. But maybe 90-00 play again as any attempt to break 1600 this week is likely to tempt profit take sale .
Storng staying power seen above 7SMA support tomorrow and ready for a breakout above 1600 next week.
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