The close below 1522 has turned FKLI bias down again and a close below 1516 likely keep bias down.
Support is expected at 1513, which held price last week and the the psychological 1500. Important support level is at 1485, the low of December.
Resistance is not 1533 and close below it may turn bias up. Thereafter 1550 and the gap two weeks back.
Longer Term trend remains up.
Sentiment stayed weak as futures was at discount to cash.
21 day moving average is now at 1551
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