• Major resistance- 6885 (Nov 23rd 2016)
   
• Major support - 6720 (trend line joining 5727 and 6609)
   
• The FTSE100 index made a high of 6847 on 30th Nov 2016 and started to show a decline from that level. It is currently trading around 6726.
   
• The temporary top formed at 6882 will be acting as major resistance and any break above will take the index to 7000.
   
• On the lower side, any break below 6720 will drag the index down till 6610 (Nov 9th low)/6520 (200- day MA).
   
• The major resistance is around 7000 and any indicative break above will take the index till 7130/7300 (127.2% retracement of 7130 and 6609). The minor resistance is around 6766 (10-day MA)/6800 (55- day EMA).
  
  It is good to sell on rallies around 6755-6760 with SL around 6850 for the TP of 6620/6520