FKLI Commentary on 200709

FKLI futures July contract rose 9.5 points lower to close at 1123.5 as compare to previous trading session with total 8,198 lots traded in the market. FKLI were traded higher during trading session as overnight Dow Jones and regional indices were traded higher during trading session.

Technically, FKLI continue to search new heights during the trading session after found supports at 1108.5 regions. Based on our technical knowledge, FKLI seems temporary resisted around resistance levels at 1142 and 1150 regions. Our opinion suggests that FKLI is currently riding on a bull rally where support still seen at 1090 and 1068.5 regions. Traders were advice to hold if position if short term resistance levels at 1128.5 and 1131 were not be able to be penetrated in the coming trading session.