FKLI closed : 1293, changed : unchanged, volume : High.
Bollinger band reading : bearish.
MACD Histrogram : getting lower, seller is back.
Support : 1290, 1286, 1280 level.
Resistant : middle Bollinger band, 1300 level.
Comment :
FKLI opened and traded higher but failed to sustain the upward momentum ended the first session unchanged. Chart wise do looks weak after having touched the upper Bollinger band followed by the lower Bollinger band. Expect market to trade sideway range bound downside biased.
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