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Ichimoku Analysis (Daily chart)
Tenken-Sen- 6358
Kijun-Sen-5993
FTSE100 was one of the best performing indexes in the month of November and jumped more than 15% on upbeat market sentiment. US indices surged sharply and hits an all-time high on COVID vaccine optimism. UK government approves Pfizer and BioNtech COVID-19 vaccine is also supporting the prices. The index hits an intraday high of 6469 and currently trading around 6444.
The near-term resistance to be watched is 6470; any violation above will take the index till 6515/6592. Significant bullish trend continuation only if it crosses 6515. On the lower side, near term support is around 6350, and any violation below targets 6300/6229.
It is good to buy on dips around 6400 with SL around 6340 for the TP of 6515/6590.
