FKLI bias stays up and a close above 1550 should keep bias intact.
Light resistance is expected at 1555, the low point of Jan consolidation and the uncovered gap of 1562 - 1564.
Support is now the previous high of 1540 and then another prior high of 1530.
The longer term trend is up but has to close above 1580 to confirm it.
Sentiment is somewhat cautious as futures was priced at discount to cash.
The 21 day moving average is now at 1512.
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