Friday, June 04, 2010

Morning start... fkli firm 1298-1300 fcpo firm 2450-60

DJ +6 off lows in late buying on expectation of strong May10 jobless data due Fri. Europe +1%.

8.10 : DJ futs -18. Regional sleeping mode, flat, firm on follow through momentum. Commodity mixed. CO +1% GOLD -1%.

fkli. profit take ahead of weekend or power on ? due to the premium over fbm , fkli is seen in-and-out of 1300 but remains steady as long as fbm > 1290 or in +ve territory. Immediate support is raised to 90 from 80 and mkt is seen keeping its upward-bais tone

fcpo : SO +0.1%...all quiet this week despite stronger CO play. Fcpo is seen sideways, range play. Below 2460 is intra day sell tone.

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