Monday, November 23, 2009

20091123 1254 FKLI Mid Day Hourly Chart Study.



FKLI traded unchanged to closed at 1270.5 staying side way range bound in the first half session to continue its correction phase with lower volume traded. All the chart's indicators suggesting a side way range bound market downward biased market in FKLI at this point of time. It would be difficult to identify the direction of FKLI price movement unless price break away from the plotted 2 horizontal lines at 1277 and 1266.5 respectively.

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