FKLI Daily: May target previous high at 1189.5 levels

Two straight days of sharp rebound had brighten up the immediate daily technical landscape to continue its upward momentum. Market looks may target higher following upside gap at 1171.5-1173.5 was fully covered. As for now, upside resistance is looking at 1189.5 (high since 10/8/2009). To the downside, support is pegged at 1156.5 followed by 1149.