Bollinger band reading : correction range bound upside biased.
MACD Histrogram : weakening, buyer book in profit.
Support : 1425, 1405, 1395 level.
Resistant : 1445, 1458, 1470 level.
Comment :
FKLI kicked start the month by hitting another new year high before profit taking activities pressed price to closed off the high in slow volume traded but still recorded small gain. Hourly chart wise, market is having downward correction after market hit above upper Bollinger band with reading suggesting a correction range bound upside biased market development.
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