DJ +171/+2%, thanks in part to strong demand for Treasury's $27 billion 7-year note auction, which sent bond yields lower. ( lower yield means no pressure to raise interest rate ) A rally in commodities and some end-of-quarter buying also helped.
8.15 : DJ futs -11. NK +24/+0.3% Kos +4/0.3%, Crude oil strong above 70 lvl.
FKLi will see more upside first before any weekend's selling. FKLi Jun is seen within 1077-1083 in early trades. Firm tone is expected at least till HS opens, where the mkt will take the next cue for direction.
A significant breakout above 1090 is unlikely, at best the mkt is seen matching the recent high level. Given +ve external, downside is seen limited at 1070 today.
3 years ago
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