20100223 1258 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1268.5, changed : +2.5 points, volume : high.
Bollinger band reading : side way upside biased.
MACD Histrogram : improve slightly, buyer still in control.
Support : 1260, 1250, 1235 level.
Resistant : 1270, 1278, 1290 level.
Comment :
FKLI traded firmer with improved volume transacted. Hourly chart reading suggest that market is likely to trade side way range bound with a little upside biased but still trading within the immediate support and resistant range.