20050429 Cash chart on this expiration closing, shows a shamu pattern, indicating a buy signal, good momentum is indicated, so we could well see a nice move up in the next few days, continuing on the uptrend. 

20050429 Expiration day for April FKKLI futures. Settlement around 879.5. Looking back, the key level 869 held for the past few days augered well for the uptrend, leading to the higher settlement price. The close above the 34 ema 3 days ago saved us rom taking a short position, which would have been underwater and sunk at this high settlement level. 

20050428 869 still remains in focus. FKLI as expected resumed the uptrend hitting high of 877.5. Until proven otherwise, maintain any long positions. 

20050427 Another rangebound day. Key level 869 was not violated, indicating the possibility FKLI may resume uptrend after this round of consolidation. 

20050426 FKLI closed above daily 34 ema, negating the possible short trade. From the looks of the 34 tick chart, uptrend seems intact on an intraday basis, unless the key level of 869 is violated. 

20050426 11:13 am Daily chart FKLI shows a two step retracement patern. If the downtrend is still intact, this level is an ideal opportunity for short. However, the short needs to be below the 34 ema. 

20050425 

20050422 Been away for past week, so will post last week's moves. Seems to have some big swings last week, will carry on from next Monday. 

20050414 As expected, after the 860 held on the opening gap down, new highs tested, further confirming the uptrend. Now 863 is the key level to maintain the uptrend. However, the CCI is between the +/-100, indicating indecisiveness, have to wait for the break out either way to point the way. 

20050313 Continuation of uptrend with break above previous high 863. Now key level will be 860, break of which would negate the uptrend. Looks promising of test of higher levels tomorrow. 

20050412 Uptrend still intact, as 852.5 held firm. 

20050411 Uptrend still looks intact, unless today's low 852.5 is breached. Would be looking for long position on break of zero line CCI.by the CC 

20050408 FKLI hits high of 88. CCI closed below 14 implying an exit to the long position. Stand aside and wait for next trade. 

20050408 FKLI currently 857 +7.0. Nice move up, given the clue from the daily chart opening up this morning with inv ghost pattern, a counter trend buy signal. 

20050407 The expected rebound did materialise. From the close today, it is unclear whether the rebound will continue or continuation of the downtrend as delineated by the daily chart will occur. Stay aside and look for signs on future direction. 

20050406 The uptrend was broken with a selloff the whole of today. Now the daily charts and the intraday charts show oversold conditions, and with the gap alluded to yesterday still unfilled, the next few days provide a buying opportunity for swing trading rebound. 

20050405 As expected, the intraday uptrend still continues, multiple bars of the cci above zero is the sign.  

20050404 Inv ghost pattern signalled buy in the morning. Fkli looks to be on small uptrend on inraday charts. 

20050401 Key level now is 862-863, fkli needs to get above this to bounce and retest 874. Otherwise, the market looks like making new lows coming into the first part of trading for next week.