FKLI Daily: 1300 violated!!

Market violated the 1300 physiological support level had dampened the immediate technical outlook to move sideways bias to downside potential. As for now, we are looking for the immediate upside resistance at 1310-1315 followed by 1320 levels. While, immediate downside support is lies at 1291-1288 (gap left over on 5/3/2010)followed by 1280 levels.