FKLI bias has turned down after price broke through several support level yesterday, and a close below 1500 should keep bias intact.
Support is now the psychological 1500 and then the previous resistance of 1494. Further supports is at 1480 and 1470, the Nov low.
Resistance levels are now at 1510 and 1518, the prior support level.
The longer term trend is neutral to up.
Sentiment was downcast as futures was at discount to cash.
Note that cash is not confirming futures selloff, where it is still above Mar 7 low. Look for move to normalise today
The 21 day moving average is now at 1506.
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