FKLI bias stays up and a close above 1521 should keep bias intact.
Resistance is now 1530 and thereafter 1540, level which kept price low for the past 3 weeks.
Expect support at Monday's high of 1520 and then 1510. Further support is expected at psychological 1500 level.
The longer term trend is up but price has to close above 1580 to confirm it.
However, sentiment stayed weak as futures was again at discount to cash.
The 21 day moving average is now at 1523.
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