Bollinger band reading : side way range bound downside biased.
MACD Histrogram : getting lower, buyer closing position to realise profit.
Support : 1395, 1385, 1375 level.
Resistant : 1405, 1425, 1445 level.
Comment :
FKLI ended first session lower in lesser volume traded as trader started to roll over to forward month contract 4 days ahead of expiry date to maintain their position. Hourly chart wise, market opened unchanged and test 2 tick higher before coming down lower to test support level with the reading suggesting a side way range bound downside biased market development.
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