Bollinger band reading : little upside biased with possible pullback correction.
MACD Histrogram : recovering, buyer seller battling.
Support : 1530, 1515, 1505, 1500 level.
Resistance : 1540, 1550, 1565, 1570 level.
Comment :
FKLI closed recorded gains with declined volume changed hand doing 1 points discount compare to cash market that closed slightly higher. Overnight U.S. markets closed mixed and today Asia markets traded mixed swing between gain and losses while European markets trading little lower.
Global markets traded mixed on unsettle European debt issue and awaits U.S. employment data.
Technical reading revised to suggesting a little upside biased market development with possible pullback correction.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistance or strength with quick cut loss and profit target.
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