FKLI bias turned up after the strong rebound but it has to close higher to keep bias intact.
Resistance is at the prior low of 1522 and followed by the strong resistance of 1530.
Last Tuesday's low of 1506 is now support and thereafter the psychological 1500.
The longer term trend is neutral to down.
Sentiment is stays weak as futures remains at steep discount to cash.
The 21 day moving average is now at 1520.
R1/1522 R2/1530 R3/1536
S1/1515 S2/1506 S3/1500
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