Fkli wrap...profit taking already..cautious

After a big run yesterday, mkts off steam after a lackluster DJ overnight. Overall sentiment is cautious today and surprisingly lack of bargain and quiet too.

Regional around -0.5%. Dj fut marginally +ve. Europe near -0.5%

Fbm erases more than 60% of Mon’s day gains causing fkli struggling to maintain its premium, putting up a fight at 1330 in the last 20mins after stagnating around 1332-1335 for most of the day.

Mkt trend remains higher, above uptrend line and 7SMA, but could see further pullback towards 1320-30 before bargain emerges if fkli < 1335 or fbm <1330.