Despite DJ big gains overnight, fbm.fkli fail to make an impression above 1300. Fbm only see 1300 in early trading and mostly 97-98 before retreating further in PM towards 95-96. To be sure , while +ve, regional looks tame while Europe/DJ futs kind of mixed in late Asian trades.
Fbm ends fkli momentum with its dismal performance but bulls seen taking extra effort to park it near 1300 despite profit take pressure. So if mkt can regain 1300 next week it could effectively shift the current trading range, 1270-1300, to 1290-1330.
Buy mkt if above 90.
No comments:
Post a Comment