Bollinger band reading : side way range bound.
MACD Histrogram : weakening, buyer seller battling.
Support : 1477, 1470, 1458, 1445 level.
Resistance : 1485, 1491, 1500, 1505 level.
Comment :
FKLI closed recorded gain with better but relatively low volume exchanged doing 1.5 point premium compare to cash market that closed slightly higher. Overnight U.S. market closed recorded small gain and today Asia markets ended in positive zone while European markets currently trading higher.
Global market traded higher on hope of European leader will agree on a bigger bailout package ahead of this week submit.
Daily chart formed an up doji bar candle closed in between middle and upper Bollinger band level after market opened higher, trade side way range bound until 3pm followed by downwards movement tested intraday low and recovered higher tested intrade higher and eased little lower to closed near opening price.
Chart reading remained suggesting a side day range bound market development testing support and resistance level.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistance or strength with quick cut loss and profit target.
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