FKLI bias turned up after closing above 1564 and price has to close above 1570 resistance level to keep bias intact.
After 1570, sellers may come at all time high of 1580 and thereafter psychological 1600.
The 1564 level has now turned support. Expect buying at 1560 and then week's low of 1552.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment turned upbeat as futures was at premium to cash.
The 21 day moving average is now at 1555.
R1/1570 R2/1580 R3/1600
S1/1564-60 S2/1552 S3/1545
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