Thursday, February 18, 2010

FKLI Daily Commentary for 19th Feb 2010

FKLI Feb Futures contract traded 3.5 points lower to close at 1254.5 levels as compare to previous trading session to with a total of 2,903 lots traded in the market. FKLI traded lower during trading session despite Dow Jones were traded higher during overnight trading while regional indices were traded mix during trading sessions.
FKLI traded lower within downtrend channel in the hourly price chart while manage to hold above 61.8% Fibonacci support levels at 1251 regions. Technically, FKLI would expect further traded lower provided support levels at 1248 and 1244.5 were not hold up against the selling pressure during trading sessions. However, FKLI resistance levels still seen at 1266 and 1279 regions, both were 61.8% and 78.6% Fibonacci resistance levels.