U.S. stocks dropped more than 1 percent on Wednesday as the first diagnosis of Ebola in a patient in the United States spooked investors, and the Russell 2000 index ended in correction territory.
FKLI touched an intraday high of 1848 towards closing before settling at 1847 yesterday. Market looked resilient in the absence of China and Hong Kong markets. Market could be challenged today after overnight Dow lost 238-points.
Plan A : Attempt selling between 1844-1846
Plan B : Cut above 1852
Plan C : Consider buying only if market holds stubbornly above 1840
Plan D : Cut below 1837
FCPO
FCPO was pressurized over the last trading hour and it finally settled at 2195. Market started to show some weakness yesterday as it has attempted to step across 2223 level but in vain. Overnight soybean oil marked net change of up 39cents and this might give chance for seller to come into the play during opening hour.
Plan A : Overnight buyer might want to exit the market today. Support is 2189.
Plan B : Seller could enter if market could not break 2223 and 2212. Target is 2170 and 2143.
Plan C : Fresh buyer stay out of market.
Plan D : Above 2230, do nothing.
Plan E : Below 2170, do nothing.
*Disclaimer: This information is intended to assist professional investors. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment
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