Bollinger band reading : side way range bound.
MACD Histrogram : falling, seller taking changes.
Support : 1515, 1500, 1485 level.
Resistance : 1530, 1540, 1550 level.
Comment :
FKLI recovered slightly recorded small gain with lower volume changed hand after yesterday intraday panic sell down doing nearly 2 points discount compare to cash market while regional market closed mixed.
Daily chart formed an up doji bar candle after traded within 10 points range bound market tested higher resistant level followed by selling pressure pressed price to closed near the low positioned near lower Bolinger band support level while reading changed to suggesting a side way range bound 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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