FKLI bias turned down after the weak close but it has to close below 1420 to keep bias intact.
Below 1420, supports are at 1410 and then the psychological 1400.
The 1440 level has turned again into resistance followed by Thursday high of 1450.
The longer term trend is down.
Sentiment turned weak as futures is priced at steep discount to cash.
The 21 day moving average is now at 1458
R1/1440 R2/1450 R3/1473
S1/1420 S2/1410 S3/1400
No comments:
Post a Comment