20100316 1254 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1307, changed : +4 points, volume : high.
Bollinger band reading : side way range bound.
MACD Histrogram : recovered, profit taking process stop.
Support : 1300, 1295, 1290 level.
Resistant : 1307, 1315, 1325 level.
Comment :
8 points premium FKLI recovered moderately after profit taking activities stopped with better volume changed hand. Hourly chart turned from a downside biased reading into suggesting a side way range bound market development.