FKLI bias turned down after closing below morning low and also 1490 support level.
Further support is expected at 1480, the low of the gap of Monday and then 1470, the low of Friday, and followed by the uncovered gap of 1455.
The 1490 level has now turned into resistance and expect selling at 1500 psychological level and last week's low of 1508.
The longer term trend remains neutral.
Sentiment stay weak as futures was price at steep discount to cash.
The 21 day moving average is now at 1527.
R/1490 R2/1500 R3/1508
S1/1480 S2/1470 S3/1455
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