FKLI closed : 1316, changed : -5 points, volume : lower.
Bollinger band reading : bullish with correction.
MACD Histrogram : weaker, buyer taking profit.
Support : 1315, 1307, 1300 level.
Resistant : 1325, 1335, 1345 level.
Comment :
FKLI ended lower in profit taking mood ahead of the weekend with lower volume changed hand. Daily chart suggesting that market still trading in correction phase side way range bound but upside biased market.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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