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- Major Support – 6950 (trend line joining 6767 and 6809).
- The index breaks below 6973 (200 –HMA) and declined till 6962 at the time of writing. It is currently trading around 6997.
- FTSE regained after making a low of 6962. Any minor weakness can be seen only below 6950.
- Any violation below 6950 will drag the index down till 6905 (61.8% retracement of 6767 and 7129)/6831 (61.8% retracement of 6646 and 7129).
- On the higher side, resistance is around 7037 (21- HMA) and any break above targets 7100/7129 in the short term.
It is good to buy on dips around 6985-6990 with SL around 6950 for the TP of 7120
