FKLI : morning gossip...1170-1175

DJ -12, small losses after strong recovery. "Stocks ended mixed Tuesday as investors weighed a weaker-than-expected consumer confidence report and a better-than-expected housing report in the aftermath of a big rally."..CNN

8.30 : DJ -20. Regional just marginally lower.

DJ losses are unlikely to affect sentiment here- meaning the mkt will remian uptrend. While it may spark profit take sell in initial trades , late buyers are expected to hold the mkt well. Probably, till China opens aorund 9.25am, followed by HS at 10.00am

Above 1170, is a buy and there is a strong chance of another run. Below 1170, intra-day sell with a tight stop at new high. With cautious extrenal factors, fki upside is derived from fbm sentiment.