Thursday, June 24, 2010

Morning start...fkli firm1330-1332 fcpo weak 2365-70

DJ +4 another volatile, with buying in between early and laten selling. Europe -1%.

8.25 : DJ -8. Regional mixed, flat. NK -0.15 , pressure by stroger yen, at 3-mth highs. Commodity mostly weaker tone. CO -1.5%. GOLD flat, profit take after mutiple new highs in recent day.

fkli : will stay firm near 1330 but unlikely to see fresh momentum till fbm crosses back above 1330. looks like 30-35 with dwside risk greater for 25-30 if exernal does not improvement. Bulls will see if fbm will make attempt at major resistance near 35 or continues to sluggish near 1330.

fcpo SO -0.8% , so another defensive play at 2370, will they even get tired? ..let it go...hiihhi. Below 2380 is -ve and potentially 2350-2380 play.

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