FKLI Daily Commentary for 7th Apr 2010

FKLI Apr Futures contract traded unchanged to close at 1346 levels as compare to previous trading session to with a total of 3,809 lots traded in the market. FKLI was traded sideways during entire trading sessions as regional indices were traded mix with Dow Jones futures electronic trading as well as Europe exchange in the 2nd trading sessions.
FKLI reach 150% Fibonacci resistance levels at 1351 regions before manage to penetrate lower towards 1340 regions but consolidate within 1344 and 1348 range after attempt to breach support levels at 1340 regions. Technically, FKLI has yet shown any sign on bearish despite hanging man bar appeared in the daily chart where further confirmation at 1340 and 1335 regions. However, FKLI resistance levels were seen at 1353 and 1359 regions.