Bollinger band reading : side way upside biased.
MACD Histrogram : up and down up and down, pullback still taking place.
Support : 1260, 1250 level.
Resistant : 1270, 1276 level.
Comment :
Pullback effect continue to take place today in FKLI with price traded in positive zone the entire morning session but volume transacted is not encouraging. MACD Histrogram movement also telling us that both buyer and seller are not keen to participate in the market in full scale for the time being(just look at all the hourly doji bar candle today). Hourly chart technical reading suggest that market is likely to trade side way range bound with a little upside biased.
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