FKLI closed : 1361.5 changed : -1.5 point, volume : higher.
Bollinger band reading : correction range bound upside biased.
MACD Histrogram : rising, buyer in charge.
Support : 1360, 1350, 1335 level.
Resistant : 1375, 1385, 1395 level.
Comment :
Improved volume(but still consider low) FKLI eased marginally lower week on week after market opened and tested lower support level and recovered upward as buyer came in to support the market. Weekly chart formed a long lower shadow doji bar candle and traded in between upper and middle Bollinger band indicate that correction is taking place as the previous candle touched upper Bollinger band. Reading wise, market is still traded upside biased with correction range bound market taking place in the immediate term.
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