Bollinger band reading : side way correction.
MACD Histrogram : weaker , buyer reduce exposure.
Support : 1300, 1295, 1290 level.
Resistant : 1307, 1315, 1325 level.
Comment :
FKLI ended the day marginally higher with better volume traded forming a classic doji bar candle. Daily chart wise, market is expected to trade side way range bound correction phase with possible testing higher resistant level as today's doji bar candle shows that market is a little reluctant to go lower after more than 30 points of correction. Having said that, key factor to watch will be US interest rate development.
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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