FKLI bias turned down after closing below morning low but it has to close below 1473 to keep bias intact.
Below 1473, supports should come at the gap of 1465-1458 followed by the psychological 1450.
Resistance remains at 1490 and thereafter 1505.
The longer term trend is down.
Sentiment turned weak as futures was price at deep discount to cash.
The 21 day moving average is now at 1454.
R1/1490 R2/1505
S1/1473 S2/1465 S3/1458
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