Wednesday, November 08, 2006

4:00 pm - Futures market is taking a beating due to Democrats winning the election.

Expect DJIA to take a hit tonite.

FKLi is trading with a lot of volatility

9:47 pm - Cash is beginning its run with foreign funds buying


It is good to know that this breakout is not fake and the volume is huge but not climatic yet. Normally at the peak, you wud see huge tremendous volume just before reversal.

9:41 pm - FKLI hit 1007.5 and Cash closes above 1,000 pts.

The STAR business section has highlighted that the market hits above 1,000 pts. Caution from this point.