Bollinger band reading : side way range bound, upside biased.
MACD Histrogram : turned downward, buyer clearing position.
Support : 1350, 1345, 1337 level.
Resistant : 1360, 1375, 1385 level.
Comment :
FKLI July contract ended lower on last trading day as buyer clearing off positions without much trading activities and tight range market. Today daily chart small body and range candle doji opened lower and traded range bound with the outlook having side way range bound upside biased reading. Another interesting aspect will be a possible negative divergence in the forming between price and MACD Histrogram plus volume.
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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