Bollinger band reading : side way correction.
MACD Histrogram : falling, seller still in.
Support : 1295, 1290, 1285 level.
Resistant : 1300, 1307, 1315 level.
Comment :
Supported FKLI ended the day marginally higher with improved volume after earlier session sell down. Daily chart wise, market seems found temporary support at the middle Bollinger band level and is likely to trade side way range bound testing support and resistant.
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.
No comments:
Post a Comment