Friday, September 11, 2009

FKLI : morning gossip....1200-1206

DJ +80, having responded strongly to a debt auction and lower jobless claims.

8.30 : DJ futs -14. Regional softer. NK -0.7% on stronger yen. Kos -0.1%.

No to expect much upside in the initial stage before HS opens. Fkli is expected to find support at 1200 as long as fbm stays above 1196++. To the upside, the mkt needs to see 1210 to revitalise mkt bulls today. Otherwise, a consolidation mode wiithin 1195-1210.

Sell stops below 1200.

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