Monday, April 05, 2010

Morning start...fkli firm 42-45, fcpo firm 2560-70

8.20 : DJ futs +46. Regional near +1%. While no indication on Fri with US/Europe on holidays, regioanal adn DJ futs are taking a +ve tone on strong US Mar's job data released Fri. NK +65 on the run again on weaker yen. Commodity mostly higher near+ 0.5%.


fkli : strong incentive to push mkt higher. fkli seen steady within 40-45 till fbm breaks 40. in bullish ton, fkli will likely to maintain it 7 to 8 points premium. Mkt is expected to stay +ve for the day.

fcpo : soyoil +0.5%, will further encourage internal +ve tone. Jun10 is seen trading within 60-90. Above 50 is +ve, with upside risk towards 2600.

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