FKLI bias turned down after it closed below morning low but it has to close below 1385 to confirm the weakness.
Below the gap of 1385, further support is expected at 1350 and then the low of last week of 1340.
Resistance is still psychological 1400 followed by Friday high of 1408 and then 1420.
The longer term trend is down.
Sentiment turned weak as futures was at deep discount to cash.
The 21 day moving average is now at 1397.
R1/1400 R2/1408 R3/1420
S1/1385 S2/1350 S3/1340
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