FKLI bias stays up following the higher close and it needs to close above 1524 resistance level to keep bias intact.
Further, selling may come at 1533, a resistance of 3 weeks ago and then 1540, Friday's high which is also the high a month back.
Support is now 1518, the resistance of last week and then the area of 1504 and the psychological 1500.
The longer term trend is neutral to up.
Sentiment was somewhat weak as futures was priced cheap.
The 21 day moving average is now at 1508.
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