FKLI Daily: still in correction mode

Market gap up violated the resistance at 1179.5 levels had helped to neutralise the immediate daily technical landscape. However, market remains capped in correction phase with immediate resistance is now looking at 1189.5 (high on 10/8/2009. To the downside, support is pegged at 1169-1163 (gap left over on 24/8/2009).