FKLI bias seem to turn up though it has to trade above 1569 (Tuesday's high and Friday's afternoon low) to confirm upward bias. Similarly, cash too need to trade above 1566.Meanwhile, further selling may come at all time high of 1580.
Supports is expected at yesterday's low of 1555, psychological level 1550 and thereafter recent low of 1540.
Sentiment is somewhat positive as futures was priced at slight premium.
21 day moving average is now at 1527.
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