FKLI bias turned up after closing above morning high, and a close above 1480 should keep bias intact.
Resistance is now at mid week high of 1490 and the psychological 1500. Further up, resistance should come at gap of 1530.
The 1470 level remains as support and then yesterday's low of 1455.
The longer term trend is neutral but price has to close above 1480 to keep it intact.
Sentiment stayed downcast as futures was priced at discount to cash.
The 21 day moving average is now at 1540.
R1/1490 R2/1500 R3/1530
S1/1470 S2/1455 S3/1435
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