FKLI Daily Commentary for 31st March 2010

FKLI March Futures contract was traded 6.5 point lower as compare to previous trading session to close at 1318 levels with a total of 5,853 lots traded in the market. FKLI plunge lower during trading sessions despite regional indices and Dow Jones overnight trading were traded upwards.
FKLI plunge lower after twice attempt to penetrate resistance levels at 1326 regions failed. Technically, FKLI seems traded towards south as effort to overcome resistance levels at 1326 and 1337 failed in 3 attempts. However, FKLI would fall with further convincing provided support levels at 1310.5 and 1288 fail to overcome the selling pressure.