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- Major support -6080 (trend line joining 6006 and 6067)
- Major resistance – 6250
- The index has recovered after making a low of 6075. It is currently trading around 6163.
- Short term trend is slightly bullish as long as support 6080 holds. On the lower side minor support is around 6120 and break below targets 6080/6040/6000.
- FTSE minor resistance is around 6175 and break above will take the index to next level around 6220/6250.Overall trend reversal can happen if it closes above 6250.
It is good to buy at dips around 6120-25 with SL around 6080 for the TP of 6180/6220.
