Wednesday, March 10, 2010

FKLI Daily Commentary for 11th Mar 2010

FKLI Mar Futures contract traded 12 point to close at 1333 levels as compare to previous trading session to with a total of 7,182 lots traded in the market. FKLI traded higher during trading sessions despite of the regional indices retrace during trading sessions.
FKLI reach new high at 1333 regions upon closing to meet at 238.1%, 161.8% and 61.8% Fibonacci resistance levels. Technically, FKLI would continue to trade higher provided manage to overcome selling pressure around resistance levels at 1334 and 1340 regions. However, support levels at 1324 and 1316 seen as critical level in order for FKLI bull trend to remain intact.