FKLI closed : 1333.5, changed : +5.5 points, volume : lower.
Bollinger band reading : side way range bound downside biased.
MACD Histrogram : continue lower, seller still in.
Support : 1330, 1325, 1318 level.
Resistant : 1337, 1345, 1350 level.
Comment :
Thin volume tight range FKLI recovered some of yesterday losses following US Fed announce to maintain a near zero interest rate policy. Daily chart wise, today small body doji bar candle failed to confirm the yesterday triangle break down as price still traded inside the triangle. Expect market to trade side way range bound with still a little downside biased.
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.
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