FKLI bias turned down after closing below 1586 resistance and it has to close below 1580 support to keep bias intact.
Again, support is at the still uncovered gap of 1580 and then another gap of 1570.
The 1586 level has now turned resistance and thereafter 1590 and psychological 1600.
The longer term is up but price has to stay above 1580 to keep view intact.
Sentiment stayed weak as futures was priced at discount to cash. The move yesterday confirmed the weekend weak sentiment.
The 21 day moving average is now at 1569.
R1/1586 R2/1590 R3/1600
S1/1580 S2/1570 S3/1560
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