Bollinger band reading : bearish.
MACD Histrogram : stay flat, no significant move by both buyer and seller.
Support : 1238, 1232, 1228 level.
Resistant : 1250, 1260 level. Comment :
FKLI opened gap up higher and tested resistant level at 1250 but failed to sustain the upward momentum dragged price downward to closed at the low. Hourly chart still looks weak with some room for further downward movement. Expect market to trade side way range bound downside biased.
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