Bollinger band reading : side way range bound little upside biased.
MACD Histrogram : rising, buyer taking small exposure.
Support : 1500, 1485, 1470, 1458 level.
Resistance : 1515, 1530, 1540, 1550 level.
Comment :
Quiet market FKLI closed recorded gains with decreasing volume changed hand doing par with cash market while regional markets closed mostly higher.
Daily chart formed an up doji bar candle with lower shadow positioned above middle Bollinger band level after market opened gap up little lower and traded with a 6.5 points range bound market before closed near the high of the day.
Reading wise, market is likely to trade within a side way range bound little upside biased market development testing support and resistance level.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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