FKLI Daily: Losing upward momentum

Market shows the end of its sideways move following prices break down with double digit losses. Market has losing its upward momentum and may enter into correction phase to move sideways to bias downside potential. We may see more room to downside if support at 1158-1150 violated. Next support will be looking at 1130-1125. To the upside, resistance is remains at 1189.5.