Bollinger band reading : side way range bound.
MACD Histrogram : getting lower, buyer seller still battling.
Support : 1458, 1445, 1425 level.
Resistant : 1470, 1485, 1500 level.
Comment :
10 points range market FKLI closed higher in relatively low volume participation following regional market that closed positively. Daily chart wise, market opened higher and traded range bound testing support and resistant formed a doji bar candle ended just little above middle Bollinger band support level. Reading still suggesting a side way range bound quiet market development ahead of the expiry date as trader switch to next month Oct 2010 contract.
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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