Bollinger band reading : side way upside biased.
MACD Histrogram : weakening, buyer lock in profit.
Support : 1312, 1307, 1300, 1295 level.
Resistant : 1318, 1325, 1330 level.
Comment :
Traded in convincing volume FKLI opened higher followed by profit taking activities press price down to ended the first session marginally higher. Hourly chart reading shows that market is corrently having a downward correction as price touched the upper Bollinger band level during the opening session. Expect a side way range bound correction market with a little upside biased.
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