Wednesday, August 10, 2011

Fkli wrap.....storm passes... picking up the pieces....



Higher in AM session but off high tone in PM as mkts remain cautious for a lack of DJfuts +ve moves , -60 in late Asian hours. Plus EU only posts small gains near +1%.

Cautious sentiment is here to stay this week, do not expect a reversal move with sell on rebound capping upside this week. But still plenty of room for tech bounce. Mkt is seen iching higher towards 1500 or to consolidate around 1460-80 range.

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