FKLI bias is still up despite the sideway move on Friday. A close above 1517 should keep bias intact.
Resistance is 1518, which stopped price for the past 3 days and thereafter 1523.
Support is still around 1513 and 1510, though a close below 1513 may turn bias down, for at least tomorrow.
Further support is at 1502, 1489 and strong one at 1485.
Sentiment was positive as futures was at premium to cash. Rightly, positive sentiment should see higher price.
21 day moving average is now at 1503.
No comments:
Post a Comment