FKLI Nov 09 contract closed marginally higher up 1.5 point at 1267 with higher volume transacted. Chart wise, price still trading below the middle Bollinger band with the band width getting tighter = market is likely to trade side way range bound downwards biased. MACD Histrogram stayed slightly lower = buying and selling activities are near evenly distributed. Expecting a side way range bound market downward biased market.
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 larger cut loss and profit target.
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