FKLI bias stays up and a higher close should keep bias intact.
Resistance is now yesterday's high of 1560 and thereafter Jul 2011 high of 1570.
Support is now at 1548, the high of Wednesday and followed by Wed's low of 1540.
The longer term trend is neutral to down.
Sentiment was weak as futures was priced at discount to cash.
The 21 day moving average is now at 1525.
R1/1560 R2/1570 R3/1580
S1/1548 S2/1542 S3/1536
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