Tuesday, April 20, 2010

Morning start...fkli firm 1326++ fcpo firm 2470++

DJ +70 , seesawed through the afternoon as enthusiasm about Citigroup's strong profit report vied with the fallout from Goldman Sachs. Europe -0.3%.

8.20 : Dj ftus Regional +0.5%. Commodity quiet, flat, recovery tone. CO +1% GOLD unchanged.


fkli : a lifeline for bull. expect cautious tone to prevail but taking the upper range of 20-30. fkli is starting near 26, taking 24-31 intra day +ve range.

fcpo. SO flat, unchanged. Jul10 is seen taking 2450-2500 with downward bias tone if < 2470, with risk of another leg dw if 2455 fails to hold.

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