Thursday, May 14, 2009

FKLi : morning gossip

DJ -184/-2% on weaker-than-expected retail sales

DJ futs -8. Nk -219/-2% Kos -1%

Time for steeper consolidation ? Yes , towards the recent lower ranges but expected to hold above 1000 today. Immediate support is seen at 1005.

The mkt is likely to stay as a sell mkt todayWill reevaluate for upside potential, if any, during the course of day after the market absords all selling pressure.

Below 1020, a sell market.

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