A tight 4 points range trading on FKLI ended the day up 1 point to closed at 1268.5 with high rollover volume changed hand. Today 7th correction candle still remained slightly above the middle Bollinger band with the band width continue to turned inwards = market still in side way range bound correction phase. MACD Histrogram dropped lower by a small fraction = no significant seller action in the market. Immediate support stands at the middle Bollinger band and follow by the 1262 level.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant/strength/break down with quick cut loss and profit target.
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