FKLI bias stays up after a higher close but it has to close above 1555 to keep bias intact.
Again, multiple resistances are expected at area of 1560-64. Further up, expect selling at all time high of 1580.
The 1552 level, yesterday's low, has now turned support. Expect further support at 1545 and then last week's low of 1536.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment stayed weak as futures was again at discount to cash.
The 21 day moving average is now at 1548.
R1/1560-64 R2/1570 R3/1580
S1/1552 S2/1545 S3/1536-33
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