Bollinger band reading : side way range bound.
MACD Histrogram : falling lower, no much participation from both buyer and seller.
Support : 1350, 1345, 1337 level.
Resistant : 1360, 1375, 1385 level.
Comment :
Thin trading FKLI traded lower ahead of weekend and month end following overnight lower DJIA closed and negative development over major regional market. Hourly chart wise market opened gap down lower and continue to test lower support level and now hovering around middle Bollinger band level with the outlook having side way range bound marker reading.
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