- The index has recovered after making a low of 5737. It is currently trading around 5870.
- FTSE100 minor resistance is around 5875 (7 day EMA) and break above targets 5935/6000/6030.
- Short term trend is slightly bullish as long as support 5700 holds.
- The major resistance is around 6000 and any break above 6000 will take the index to 6200/6285.
- On the lower side any break below 5700 will drag the index till 5635/5595 level. The minor support is around 5800
It is good to buy at dips around 5800 with SL around 5700 for the TP of 5875/5935/6030