-regional slump on concern over China purse tightening policy. Earlier sentiment was affected by weaker DJ and commodities.-our mkts are very resilient, not wanting to give up 90 this week yet. But 1300 seems off the mark with immediate focus now is where will the mkt stabilize. Fkli rewarded bulls effort by staying above 90 but technically one small step for bears as both fbm/fkli aren ow at trading sell zone – below 7SMA., 84-94 range from 90-00 range.
-at best, externals would push it back to a “more neutral” range of 1290-1300 this week.
-DJ futs firm at the end of Asian hours while Europe off lows and flat.
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