FKLI Commentary on 191009

FKLI Oct Futures contract surge 17.5 points higher at 1263 levels as compare to previous trading session to with a total of 4,002 lots traded in the market. FKLI was traded higher during 2nd trading session as most of the regional indices were closed higher during trading sessions.

Technically, FKLI price manages to breach previous resistance levels at s at 1256.5 during trading sessions. Based on our technical view, our opinion suggests FKLI would affirm to trade higher provided
support levels at 1256.5 and 1242.5 were not violated during trading sessions.
Traders were advice to hold long position in the coming trading sessions while be cautious around resistance levels at 1266 and 1274 regions.