FKLI 25th May Market Commentary

FKLI Apr Futures contract plunge 14.5 points lower to close at 1272 levels as compare to previous trading session to with a total of 12,894 lots traded in the market. FKLI traded wild as regional indices were traded firm while Dow Jones futures electronic trading plunge lower during trading sessions.
FKLI plunge lower towards next nearest support levels at 1273 in the first attempt before rebound 61.8% at 1282 regions. Technically, FKLI seems would continue to trade south provided support levels at 1263 and 1250; 78.6% and 100% Fibonacci support levels. However, FKLI would seem riding on riding on rebound wave provided support levels were not violated while resistance levels were seen at 1283 and 1292 regions.