FKLI bias turned up after the close above the weeklong 1565 resistance level, but price has to close higher, preferably above 1570 to keep bias intact.
Above the 1570 resistance, the low of two weeks back, selling may come at 1580 and 1586.
The 1565 level, near Friday's low, have now turned support, and expect buying at previous lows of the area of 1560-57 and 1552.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment was mildly positive as futures was priced at slight premium to cash.
The 21 day moving average is now at 1576.
R1/1570 R2/1580 R3/1586
S1/1565 S2/1560-57 S3/1552-50
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