U.S. stocks fell sharply in heavy trading on Monday and the S&P 500 and the Dow had their worst day since October after a collapse in Greek bailout talks intensified fears that the country could be the first to exit the euro zone.
China's stock markets closed sharply lower on Monday after a frantically volatile day of trading, despite surprise monetary easing moves by the central bank at the weekend. Hong Kong markets also dropped over 2 percent, with investors running for cover, worried that Greece might default in the middle of a Chinese stock market rout, amplifying the downside.
Plan A : Above 26254, do nothing
Plan B : Below 25564, do nothing
Plan C : Consider selling if market rebounds but fails to break above 26093
Plan D : Cut above 26254
Plan E : Consider buying if market holds above 25990 and triggers a buy
Plan F : Cut below 25990
FKLI
Market experienced a day of heavy selling yesterday,sending FKLI to a low of 1670.5 for July month contract. Market is expected to remain sluggish eventhough some minor recovery could happen for Q2 closing today.
July month contract
Plan A : Attempt selling around 1680 level if it fails to break above
Plan B : Cut above 1686
Plan C : No buying to be attempted for the time being
FCPO
FCPO flattened yesterday and today it might surprise the market as Dalian and soybean oil market down significantly. Market might turn around today if market could not hold on to support.
Plan A : Overnight buyer may exit today if market could not hold above 2251.
Plan B : Intraday investor may sell if market could rebound and resist at 2252. Target is 2218 and 2200.
Plan C : Buyer may stay out.
Plan D : Above 2250, do nothing.
Plan E : Below 2210, do nothing.
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*Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters and CNBC. 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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