Bollinger band reading : side way range bound.
MACD Histrogram : weakening, buyer closing position with seller present
Support : 1310, 1300, 1290 level.
Resistant : 1318, 1325, 1330 level.
Comment :
12.5 points range half volume transaction FKLI ended marginally lower on the last trading day. Meanwhile Jul 2010 contract ended lower doing 6 points discount compare to cash market. Daily chart formed a long lower shadow doji bar candle with the reading suggesting a side way range bound market.
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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