FKLI Weekly: Likely to move higher in near term.

A good closing at above 1300 levels had strengthened further the immediate technical landscape to bias upside potential. Market looks likely to challenge its recent high (24/1/2010) at 1307 levels followed by 1314.5-1348 (gap left over on 9/3/2008). To the downside, support is pegged at 1260-1250 levels.