FKLI bias turned down after the weak close but it has to close below 1500 to keep bias intact.
Further support is at 1490 and followed by 1480, both were an important level before.
Resistance is now 1510 and followed by 1515.
The longer term trend is neutral to down.
Sentiment was weak as futures was priced at steep discount to cash.
The 21 day moving average is now at 1519.
R1/1510 R2/1515 R3/1523
S1/1500 S2/1490 S3/1480
No comments:
Post a Comment