FKLI gap up in the morning but the upward momentum failed to sustained with selling pressure came in to lock in profit pushed it lower to closed at 1271.5. Chart wise, few hourly chart doji bar candles hovering around the mid Bollinger band with the band width narrowly slowly = market are likely to stay side way range bound. MACD Histrogram also dropping slowly = evidence of seller taking profit. Overall, market is in a consolidating side way market.
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