FKLI
FKLI Spot Month Futures - 11 May 2026
Mon, 11-May-2026 10:20 am
by Dealing Team • Apex Futures

FKLI
Pivot
1760.5
Resistance
1755 / 1760 / 1765 / 1772
Support
1750 / 1745 / 1740 / 1734
Possible Range
1735 to 1755
Strategy
Long positions may be opened above 1756 with targets at 1760/1765 and stop-loss at 1749
Short positions may be opened below 1748 with targets at 1740/1735 and stop-loss at 1755

FKLI Apr month dipped 20.5 points or 1.16% to closed at 1749.5 in previous
session. The index was in negative upon long profit taking before the
weekend, amid uncertainty in regional market.

The Dow Jones index down 137 points to close at 49554 on current session.
Stocks futures edged lower Sunday night, following a winning week on Wall
Street, as oil prices jumped after President Donald Trump rejected Iran’s
latest proposal to end the war.

The active FKLI contract sells sharply with follow through momentum on
previous session. In the daily chart, a strong bearish candle has formed, and
may instigate a double top formation around 1770-1780 level. Therefore, in
near term, prices may expect to be trading at the lower end around 1740-
1760 before showing any new impulsive move. Nevertheless, overall trend is
still up, which haven’t proposed a strong downward bias yet. Immediate
support and resistance levels are identified at 1750 and 1760, respectively.

(News Source: The Star, Reuters)

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Market Mover
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