20120319 1732 FKLI EOD Daily Chart Study.

FKLI closed : 1572 changed : -4 points, volume : higher.
Bollinger band reading : correction range bound little upside biased.
MACD Histrogram : falling lower, buyer seller battling.
Support : 1570, 1565, 1550, 1540 level.
Resistance : 1580, 1590, 1600, 1610 level.
Comment :
FKLI closed recorded loss with better volume participation doing 1.5 points discount compare to cash market that closed little higher. Last Friday U.S. markets pullback little lower and today Asia markets ended mixed while European markets currently trading lower.
Global markets traded mixed after China government data showed property prices falling in most cities and IMF deputy managing director statement of China is heading for soft-landing while investors awaits U.S. homes data.
Daily chart analysis revised to suggesting a correction range bound little upside biased market development.
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.