FKLI
FKLI Spot Month Futures - 10 Mar 2026
Tue, 10-Mar-2026 09:06 am
by Dealing Team • Apex Futures

FKLI
Pivot
1656
Resistance
1655 / 1663 / 1671 / 1680
Support
1636 / 1628 / 1614 / 1601
Possible Range
1614 to 1663
Strategy
Long positions may be opened above 1655 with targets at 1663/1671 and stop-loss at 1645
Short positions may be opened below 1636 with targets at 1628/1614 and stop-loss at 1646

FKLI March month losses 51 points or -3.02% to closed at 1639.5 on previous session. The local bourse was awash in red on Monday, with 1140 stocks in the red as crude oil surged above US$100, spooking investors. 

The Dow Jones index earns 239 points to close at 47740 on previous session. Stock futures slipped Monday night after major averages swung sharply in a volatile session and traders kept a close eye on the latest developments out of Iran. 

The active FKLI contract appears technically weak, declining with a bearish candle that breaks the previously identified support zone around 1675-1687, reflecting weaker regional market sentiment. On the 30-minute chart, the price has broken below the sideways trading range between 1663 and 1697. This shift moves the recent low from 1663 down to 1636, while the high adjusts lower from 1760 to 1696, indicating a weakening short-term market structure. 

Intraday resistance is seen around 1655-1663 area, while support has been identified in the 1636-1628 area. Overall, traders are advised to remain cautious and wait for a clear direction before entering new positions. The immediate key support and resistance levels are identified at 1636 and 1655, respectively.

(News Source: The Star, CNBC)

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