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- Major resistance – 6865 (200 day MA).
- Major support – 6800
- The index has recovered after making a low of 6777 yesterday. It is currently trading around 6798.
- FTSE100 is facing strong resistance at 6865 (200 –HMA) and any break above 6865 will confirm minor bullishness. Any break above 200-HMA will take the index to next level till 5955/6000.
- On the lower side, support stands at 6750 and break below will drag the index down till 6668 (23.6% retracement of 5727 and 6956)/6610 (Aug 8th low).
It is good to sell on rallies around 6825-6830 with SL around 6880 for the TP of 6730/6670
