FKli wrap...+6.5 this week but tradnig sell mode

Despite encouraging externals, fkli upside was impaired by fbm –ve tone, watching fbm defending 60 support, near the week’ lows. Fkli maintained premium on +ve externals, like HS/DJ futs gains albeit small one.


This week, mostly 1360-70 , a continuation from Jul’s momentum but not a smooth run, plenty of profit take sell after Mon’s gains. But at the same time, no fresh –ve economics data to upset its short term uptrend, stagnating with players sidelines ahead of US job data due today.


Next Mon’s tone would probably dictate the week direction. Sell mkt till fbm recaptures 65 and above. As fbm.fkli is in danger of drifting back under 1350-60.if fbm breaks 60 again.

Fkli, above 1370 is strong buy signal.