Thursday, August 11, 2011

Fkli wrap....towards 1500 tomorrow



Shaking off Europe dwgrade fears. Equities post strong bounce in PM after EU opens near +3%. Earlier, regional takes support from a strong DJfut near +150, to trade near -1% in AM, in cautious but no panic.

Fbm.fkli finish the day at top range but fail to cross into +ve territory. However more bounce is seen, towards 1500 tomorrow. Rebound tone if > 1460.

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