FKLI Daily: Technically overbought

Market ended with a black candle after the recent rally due to technically overbought. Thus, consolidation phase likely to continue in near term. As for now, we are looking for the immediate upside resistance at 1013-1016 (gap left over on 14/5/2009). To the downside, we are looking for the physiological support at 1000 followed by 998-993.5 (gap left over on 4/5/2009).