FKLI
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The Dow
Jones Industrial Average closed at a historic high on Tuesday as major world
stock markets rallied after China pledged record government spending to boost
growth and data showed the U.S. service sector expanding at its fastest pace in
a year. Commodities closed up broadly for a second straight day on Tuesday,
with oil posting its biggest gains since December on supply outages and a U.S.
stock market rally, and metals rising on China's bullish growth outlook.
The local market remained in positive territory throughout
the day, tracking the favourable Wall Street overnight performance and the
rebound on regional markets. FKLI spot month contract opened higher this
morning at 1,643.
Today’s Support and Resistance for March contract is located
around 1,635 and 1,650 respectively.
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