• Major resistance – 7130 (Oct 11th high).
   
• Major intraday support -6995 (10- day MA) .
        
• The index breaks major resistance at 7130 and slightly jumped till 7206 yesterday. FTSE100 hits 20 months high and is currently trading at 7172.
   
• On the higher side, index has broken 7130 the temporary top formed on Oct 11th 2016 and a jump till 7300 likely.
   
• The major intraday support of the index stands at 7065 (10- day MA) and any break below targets 7000 (21- day EMA). Short term trend reversal only below 6610.
  
  It is good to buy on dips around 7120 with SL around 7000 for the TP of 7300/7500.