FKLI gave up all its early gains after prices failed to hold at the high of 1143.5. Market then violated the immediate support at 1120-1125 and close near to day low with a long black candle. Hence, market may want to trade sideways to lower in near term. Thus, we look for the immediate support and resistance at 1110-1109 and 1143-1146 level respectively.
Wednesday, August 6, 2008
FKLI gave up all its early gains
FKLI gave up all its early gains after prices failed to hold at the high of 1143.5. Market then violated the immediate support at 1120-1125 and close near to day low with a long black candle. Hence, market may want to trade sideways to lower in near term. Thus, we look for the immediate support and resistance at 1110-1109 and 1143-1146 level respectively.
