FKLI Daily Commentary for 14th Apr 2010

FKLI Apr Futures contract traded 12 point lower to close at 1334 levels as compare to previous trading session to with a total of 4,898 lots traded in the market. FKLI traded lower during trading sessions as regional indices were traded lower during trading sessions while Dow Jones futures electronic trading were traded lower during trading sessions.
FKLI failed in attempt penetrate resistance levels at 1346 before search for lower support at 1333.5, 78.6% Fibonacci support level. Technically, FKLI seems temporary holding above 1333.5 and 1329 support level; both are 78.6% and 100% Fibonacci support levels in the hourly price chart. However, FKLI must penetrate resistance levels at 1346 and 1350.5 in order for uptrend to resume.