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- Major Resistance – 6240
- Major support – 6100
- FTSE100 has recovered after making a low of 6150. It is currently trading around 6190.
- Short term trend is slightly bullish as long as support 6140 holds.
- On the lower side any break below 6140 will drag the index down till 6100/6040 in short term.
- Short term trend reversal only below 6000.
- Any break above major resistance will take the index to next level 6275/6325.
It is good to buy at dips around 6180 with SL around 6140 for the TP of 6275/6320/6350.
