FKLI bias stays down after closing below 1400 psychological level and has to close below 1375 support to keep bias intact.
Further support is expected at Arp 2010 high of 1350 and followed by 1340.
The psychological 1400 has now turned into a resistance followed by Wednesday high of 1420.
The longer term trend is down.
Sentiment stays weak as futures basis remains wide.
The 21 day moving average is now at 1447.
R1/1400 R2/1420 R3/1447
S1/1375 S2/1350 S/1340
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