Regional reversed early losses to finish +ve as DJ futs gains raised bulls’ enthusiasm for next week race.
DJ futs +60
Our mkts were softer but downside seen limited on bargains, like yesterday. Toppish but within neutral range of 1020-1040.
Cash 1026.78/+3. +36p this week.
The feeling is that mkt is getting ready for another run up next week. So unless DJ-factor tumbles, it could well be a fresh bull next week, 1040-1070, 1070-1100. 7SMA will serve as bulls’ defence. Anything in between,1020-1040 is traders’ market.
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