FKLI bias appears neutral. The failure to breach the 1524 resistance level gives a hint of bearishness but the close above 1518 support level was positive.
Again the important levels to watch are the same. Resistance remains at 1524 and then 1533, and thereafter 1540, the high of last week.
Supports are still expected at 1518, and then 1510, and thereafter the area between 1504 and the psychological 1500.
The longer term trend is neutral to up.
Sentiment turned weak as futures was priced cheap, which also add to the bearishness.
The 21 day moving average is now at 1507.
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