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- Major support - 6040 (55 day H EMA)
- Major resistance - 6103 (trend line joining 6116 and 6106)
- The index has formed a temporary bottom around 6040 and started to recover from that level. It is currently trading around 6079.
- On the lower side any break below major support 6040 will drag the index down till 6000/5970.
- Short term bullish invalidation only below 5975 (trend line joining 5494 and 5483)
- FTSE100 resistance is around 6103 and any break above targets 6129/6170/6200.
It is good to buy at dips around 6070 with SL around 6035 for the TP of 6129/6170
