FKLI : morning gossip.....1254-1260

DJ +14, energy offset Nasdaq slump.

8.30 : DJ futs +20. Regional lower, near 0.5% taking cue form Nasdaq.

Fkli is seen taking support from strong commodities and stay above 50 on positive DJ futs. Broad based upside potential remains small till SH or HS opens

Assuming a firm mkt, above 57, fkli is intra-day buy, below 54 is intra-day sell but limited to 50. Anyhow, seems like a tight range 50-60.