FKLI bias has turned up after a higher close but price need to close above 1515 resistance level to keep bias intact.
After that, expect selling at the important support/resistance level of 1524, which put a lid on price for more than one month.
Possible support is expected at 1505, the close of Wednesday, and then the psychological 1500. Further supports are at 1480 and 1470.
The longer term trend is neutral to up.
Sentiment has turned neutral after two days of pessimism, as futures was priced about fair.
The 21 day moving average is now at 1504.
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