Bollinger band reading : correction range bound upside biased.
MACD Histrogram : recovering, buyer holding on.
Support : 1485, 1470, 1458 level.
Resistant : 1500, 1530, 1550 level.
Comment :
Ultra high volume transaction mostly due to rollover activities to forward month contract FKLI recorded gain after major regional market traded mixed. Daily chart formed a long lower shadow doji bar candle as market still having correction range bound upside biased reading testing support and resistant level.
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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