20100729 1300 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1356.5, changed : +0.5 point, volume : low.
Bollinger band reading : side way range bound.
MACD Histrogram : recovering, not much participation from both buyer and seller.
Support : 1350, 1345, 1337 level.
Resistant : 1360, 1375, 1385 level.
Comment :
Near expiry FKLI traded in thin volume tight range market closed 1 tick higher for lunch. Hourly chart study suggesting a side way range bound little upside biased market development.