FKLI bias turned up after closing above 1550 level and a close above 1557 should keep bias intact.
Expect resistance at around the area 1562-65, the high of last week, and then 1570, the high of two weeks ago.
Firm support should come at 1550 psychological level with a minor support at 1555. The support should also come at 1540, the low of last week.
The longer term trend is up but price has to close above 1580 to confirm it.
Sentiment however stayed weak as futures was priced at discount to cash.
The 21 day moving average is now at 1570.
R1/1562-65 R2/1570 R3/1580
S1/1550 S2/1540 S3/1535
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