Stock mkt vol top 1b but fbm tight range, steady riding on regional gains and closing in on 1340 resistance. But fkli turns cautious in PM session, surprisingly not too eager to take premium stance but keeping an overall +ve posture. Still waiting for +positive cues like fbm >1340.Overall mkt sentiment mostly upward-bias but a lack of DJ futs gains , -15, probably increase tensin!.Also, Europe only manages small gains, +0.1%.
While lack upside momentum yet this week amid mixed external and fbm slow pace, fkli bulls are not letting in go either. Tug-or-war continues at 1340 and 1330. To sustain current trend , fkli must >1348 but first fbm must cross back above 1340 to justify any premium.
Uptrend is 1330 support remains.
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