20091012 1315 FKLI Hourly Chart Study. Proft Taking !

With regional market not trading in positive tone, looks like a bigger profit taking activity took place in the morning session today. FKLI hourly chart traded slightly below mid Bollinger Band = Neutral. Bollinger band width continue to narrow suggesting a side way range trading market. MACD histrogram also comfirming the profit taking by falling into negative zone. Seller took charge currently.