FKLI bias turned down after closing below 1475 and a lower close should keep bias intact.
Support is now expected at prior gaps, 1457 and followed by 1446.
The broken support of 1475 has now turned resistance followed by recent high of 1490.
The longer term trend is down.
The sentiment turned weak as futures was priced at steep discount to cash.
The 21 day moving average is now at 1431.
R1/1475 R2/1490 R3/1505
S1/1457 S2/1446 S3/1428
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