• Chart pattern formed – Double top
   
• Major support - 7280 (trend line joining 7145 and 7253)
   
• Major resistance- 7322
   
• FTSE100 has formed a temporary top around 7322 and started to decline from that level. It is currently trading around 7275.
   
• On the lower side, next immediate support is at 7253 low formed on Feb 17th 2017 and any  violation below will drag the index down till 7230 (200- H MA)/7214 (61.8% retracement of  7152 and 7322)/7152 (Feb 8th 2017 low).
   
• Any break above temporary top at 7322 confirms further bullishness , a jump till 7369 (161.8% retracement of 7322 and 7253)/7400.
  
  It is good to sell on rallies around 7285-7290 with SL around 7325 for the TP of 7232/7214/7155