Bollinger band reading : side way downside biased.
MACD Histrogram : recovering, seller taking profit.
Support : 1295, 1290, 1285 level.
Resistant : 1300, 1307, 1315 level.
Comment :
FKLI opened lower but managed to recover most of the losses to ended the first session half point lower with high volume changed hand. Hourly chart wise, market seems testing the middle Bollinger band resistant level and is likely to trade side way range bound with a little downside biased. Having said that, there is a possible positive divergence in the forming between price and MACD.
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