20100702 1414 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1307 changed : +4 points, volume : low.
Bollinger band reading : side way range bound downside biased.
MACD Histrogram : getting higher, seller taking profit.
Support : 1300, 1290, 1285 level.
Resistant : 1310, 1318, 1325 level.
Comment :
FKLI recovered slightly in weaker volume traded doing on par with cash market. Hourly chart seems moving side way ranging within a 9 points range market with the reading suggesting a side way range bound downside biased market.