Monday, June 14, 2010

Fkli wrap... above 1300 on externals...fbm drag...



Still stuck at resistance and recent high lvl, with no major breakthrough Fkli secures 1300 on the back of DJ futs big gains in late Asian hours, +80, taking cue from Europe +1%.

But, fbm keeps its silence all day long, did not make attempt at 1300 but steady near 96-97.

Above 1300 is buy mkt but fkli sustainability will be an issue unless fbm >1300.

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