FKLI bias has a slight bearish hint after it closed below 1420 support level.
Below 1420, support lies at 1410, the low of yesterday and thereafter the psychological 1400.
Bias will turn up if it can close above Tuesday's high of 1430 with stronger resistance at gap of 1440.
The longer term trend is down.
Sentiment stayed downcast as futures discount remains wide.
The 21 day moving average is now at 1460.
R1/1420 R2/1430 R3/1440
S1/1410 S2/1400 S3/1385
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