FKLI Daily Commentary for 12th March 2010

FKLI March Futures contract was traded 12 points lower as compare to previous trading session to close at 1321 levels with a total of 6,657 lots traded in the market. FKLI was trade lower after reached high at 1337 regions as Dow Jones electronic trading were traded lower despite of the regional indices were settle on green upon end of trading sessions.
FKLI traded lower after failed in attempt to penetrate resistance levels at 1337 levels, 378.6% Fibonacci resistance levels. Technically, FKLI seem would trade lower after previous support levels at 1324 was being penetrate during trading sessions. However, FKLI would further affirm on correction wave provided nearest support levels at 1316 and 1288 was further affiliate in the coming trading sessions. Resistance levels were seen at 1329 and 1337 regions.