FKLI Daily: Ends of consolidation phase

Market has come to the end of its consolidation mode following prices hits the new fresh high at 1274.5. Market looks may want to challenge the overhead resistance at 1300-1310 followed by 1314.5-1348 (unfilled gap left over since 4/3/2008). To the downside, support is lies at 1262.5-1258 (gap left over on 6/11/2009) followed by 1230.