FKLI bias stays down and it has to close below 1510 support level to keep bias intact.
Further below, support should come at 1500 psychological level and thereafter a prior support of 1494. Expect minor support at 1505.
Resistance is still the area of 1518 - 1520, yesterday's high and then 1530.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment stayed downcast as futures discount to cash remained wide.
The 21 day moving average is now 1530.
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