Wednesday, June 09, 2010

Morning start...fkli firm 1282-85 fcpo 2440-2450

DJ +123, snapping 2-day losing streak on bargains. Europe -1%.

8.15 : DJ futs -4. Regional takes softer tone. NK -0.7%. Commodity mostly higher, CO +2%. GOLD flat near record highs.

fkli : seen cautious till fbm opens but firmer start due to discount over fbm, Eyes on whether fbm can break above 90 with the current mixed external sentiments despite DJ gais overnight. Above 80 is intra day buy for 1280-1290 range

fcpo : SO +0.2%. this could help fpco to regain 2440 mark, offsetting some of yesterday's -ve sentiment. 2430-2450 if SO maintains gains. Dwside is great is 2430 support breached.

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