FKLI bias stays up and a close above 1524 resistance level should keep bias intact.
Further up, seller may come out at 1533 and then the high of two weeks ago 1540.
Support is now yesterday's low of 1505 and thereafter psychological 1500 level. Important low remains at Dec low of 1485.
The longer term trend is up.
Sentiment was somewhat weak as futures was priced at discount to cash.
The 21 day moving average is now at 1526.
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