Bollinger band reading : upside biased.
MACD Histrogram : getting weaker, buyer taking partial profit.
Support : 1318, 1312, 1307, level.
Resistant : 1325, 1330, 1335 level.
Comment :
FKLI continue to trade higher with high volume transaction in tandem with major Asia market positive development except the Nikkei 225. Hourly chart shows that market is likely to trade side way range bound with a little upside biased but having said that rollover activities ahead of Mar2010 contract expiry may lead market to go down a little further.
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