FKLI
FKLI Spot Month Futures (PM) - 24 Feb 2025
Mon, 24-Feb-2025 02:16 pm
by Dealing Team • Apex Futures

FKLI
Pivot
1583
Resistance
1585 / 1589 / 1593
Support
1580 / 1577 / 1573
Possible Range
1575 to 1595
Strategy
Long positions may be opened above 1580 with targets at 1585/1589 and stop-loss at 1575
Short positions may be opened below 1580 with targets at 1577/1573 and stop-loss at 1575

FKLI Feb month dropped 8 points or 0.50% to closed lower at 1581.5 on midday session. A weak performance on Wall Street last Friday pressured the domestic market, as concerns grew that escalating trade tariffs could drive inflation higher and slow economic growth.

 

The actively traded FKLI contract formed a higher low in last week's trading, indicating an attempt to move within an upward channel. In the morning session, the price opened lower, tracking the negative overnight close in the U.S. market. The index is currently hovering around the 1581–1579 support range—holding this level could present a buying opportunity, while a breakdown below it may lead to further selling pressure. Stay cautious of potential shifts in market sentiment. Immediate support and resistance levels are identified at 1580 and 1585 respectively.

(News Source: The Star)

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Market Mover
Settlement Rates
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