FKLI Daily Commentary for 15th July 2010

FKLI July Futures contract surge 4.5 points higher to close at 1343.5 levels as compare to previous trading session to with a total of 7,937 lots traded in the market. FKLI opened higher but only trading within range throughout entire trading sessions as regional market and Dow Jones futures electronic trading were traded within range after huge movement upon open for trading.
FKLI surge towards north at 1347.5 but consolidate during trading sessions within range from 1346 to 1341 region throughout entire trading sessions. Technically, FKLI yet to show any sign of reversal where support levels at 1328 and 1324 must not be violated in the coming trading sessions in order for uptrend to remain intact. However, FKLI would encounter some selling pressure around resistance levels at 1352.5 and 1360 regions.