Bollinger band reading : upside biased.
MACD Histrogram : turned upward, buyer defended well.
Support : 1485, 1470, 1458 level.
Resistant : 1500, 1530, 1550 level.
Comment :
FKLI jump up recovered and traded higher with lesser volume transaction after positive regional market development but was doing 4 points discount compare to cash market. Daily chart formed a up bar candle testing higher resistant level with the Bollinger band expanding suggesting an 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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