FKLI bias turned down after the weak closing and it has to close below 1553 support level to keep bias intact.
Further support is at 1456, the low of 2 weeks ago, and followed by 1540.
Resistance is now at 1560 and thereafter last Friday's high of 1564.5.
The longer term trend is neutral to down.
Sentiment turned weak as futures was priced at discount to cash.
The 21 day moving average is now at 1546.
R1/1560 R2/1564.5 R3/1570
S1/1553 S2/1546 R3/1540
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