FKLI Daily: Steady

Market tested the fresh high at 1281.5 but shies away. Overall technical landscape remains bullish despite printed a black candle. Thus, market looks may continue 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.