FKLI bias turned up after a strong close but it has to close above 1420 to keep bias intact.
Above 1420, which is not too far from yesterday's high, resistance is expected at Aug intraday low of 1427.
Support is still at psychological 1400 and followed by 1390.
The longer term trend is down.
Sentiment stays weak as the futures basis narrowed.
The 21 day moving average is now at 1453.
R1/1420 R2/1427 R3/1447
S1/1400 S2/1390 S3/1375
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