FKLI Daily: Nothing much changes

Nothing much changes on the immediate technical landscape as 1300 physiological support levels defended well. Market may continue its sideways mode in near term. We continue to look for the immediate upside resistance at 1315-1320 followed by 1325-1337 levels. While, immediate downside support is looking at 1300 levels followed by 1291-1288 (gap left over on 5/3/2010).