FKLI bias is mildly positive after the close above 1420 but it has to close higher to keep bias intact.
The next resistance is the gap of Monday of 1440 and followed by another gap at 1457.
Below 1420, support is expected at 1410 and thereafter the psycholOgical 1400.
Sentiment stayed weak as futures is still at steep discount to cash.
The longer term trend is down.
21 day moving average is now at 1461.
R1/1430 R2/1440 R3/1457
S1/1420 S2/1410 S3/1400
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