Monday, April 12, 2010

FKLI Daily Commentary for 13th Apr 2010

FKLI April Futures contract was traded 6 point higher as compare to previous trading session to close at 1346 levels with a total of 3,677 lots traded in the market. FKL was traded higher during trading sessions as Dow Jones were settle higher during last trading sessions despite regional indices were traded mix during trading sessions.
FKLI retest resistance levels at 1349 regions before consolidate, formed at flag formation in the hourly price chart. Technically, FKLI would encounter great selling activity around resistance levels at 1350 and 1353.5 regions in effort to climb higher during trading sessions while support levels at 1338 and 1332.5 must not traded lower in the coming trading sessions in order to further confirm on upside trading.