FTSE110 struggles to break above 6200, targets 6065/6005
Major resistance - 6200 (200 day MA) FTSE100 slightly recovered till 6211 yesterday after making a low of 6158.The index is facing immense selling pressure on higher levels mostly near 5200 (200 day MA) It should close a…
FTSE100 slightly recovered till 6211 yesterday after making a low of 6158.The index is facing immense selling pressure on higher levels mostly near 5200 (200 day MA)
It should close above 6200 for further upside and is currently trading around 6131.
On the lower side any break below 6150 will drag the index down till 6100/6065/6005.
Short term trend reversal only above 6300. The major resistance for the day is around 6200/6258/6300.
It is good to sell on rallies around 6150-6155 with SL around 6200 for the TP of 6065/6005
