FKLI bias seem to turn and close below 1506 should keep bias intact.
However, look for bias to turn up should it closes back above 1515.
Resistance should come at Monday's low of around 1505 with stronger support at psychological 1500 level. Important low remains at Dec low of 1485.
Resistance is still 1524, near high of Monday and thereafter 1533.
The longer term trend is still up.
Sentiment deteriorated as again, futures was at steep discount to cash.
The 21 day moving average is now at 1527.
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