20100212 1446 FKLI After Mid Day Hourly Chart Study.

FKLI last looked: 1251.5, changed : -0.5 point, volume : low.
Bollinger band reading : bullish.
MACD Histrogram : getting lower slowly, not much action today.
Support : 1250, 1232, 1228 level.
Resistant : 1260, 1267.
Comment :
8 points range FKLI traded side way range bound through out the morning session with low volume. Hourly chart reading shows that market is likely to trade side way range bound with a little upside biased.