Bollinger band reading : side way range bound, upside biased.
MACD Histrogram : weakenning, buyer taking profit.
Support : 1360, 1350, 1345 level.
Resistant : 1375, 1385, 1395 level.
Comment :
Ultra low volume FKLI ended the day having marginal gain after traded mostly range bound through out the whole trading session after regional market having mixed development. Not much action took place today as trader seems looking for more clue about the market near term direction but overall it is still a buyer dominated market for now. Reading wise, outlook remained unchanged with a side way range bound upside biased market development.
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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