- Major Resistance – 6240
- Major support – 6100
- FTSE100 has retreated once again after making a high of 6217 yesterday. It has closed around 6170.
- Short term trend is slightly weak as long as resistance 6240 holds.
- On the lower side minor support is around 6140 and 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 6240 will take the index to next level 6275/6325.
It is good to sell on rallies around 6190-6200 with SL around 6240 for the TP of 6100/6010.
