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- Major support- 6150 (61.8% retracement of 6048 and 6323 and also 200 day MA)
- Major intraday resistance – 6200 (21 day MA)
- The index has broken psychological support 6200 and declined till 6152 from that level. It is currently trading around 6164.
- Short term trend reversal can be seen below 6150 and any break below targets 6108/6049 in the short term.
- FTSE100’s next immediate resistance is at 6200 (21 day MA) and any indicative break above targets 6260/6310.
- The minor trend reversal only above 6330 (217.2 % retracement of 6291 and 6149).
It is good to sell below 6150 with SL around 6201 for the TP of 6108/6049.
