20100409 1328 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1340, changed : +8 points, volume : low.
Bollinger band reading : side way range bound downside biased.
MACD Histrogram : rising, buyer return for a battle with seller.
Support : 1337, 1330, 1325 level.
Resistant : 1345, 1350, 1360 level.
Comment :
FKLI recovered most of yesterday losses by traded higher but in lesser volume transaction. Hourly chart shows that market is likely to trade side way consolidation with a little downside biased.