Morning start...fkli firm 1550-52 fcpo soft 3350-60

DJ -6, Europe mixed, flat. All quiet. Off highs after Fed minutes raised speculation that the U.S. central bank could raise rates later this year amid rising inflation. 8.30 DJ futs +7. Regional firm tone, flat. NK +50 on weaker yen. Commodity mixed GOLD +1% at record high on inflation fear following Fed statement. CO -0.2%. FKLI same defensive play till 9.30 and 1550 seems a good support. Tight range in early trades 50-55. Above 50 is intra-day +ve. 43-60 daily range. Upside limited till strong cues from HS. FCPO SO -0.2%, another test for bulls, same range again 3350-3400 ?? Below 3380 is intra day -ve.