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FTSE 100-
The UK index lost more than 300 points from yesterday's high of 7547 on global market turmoil. Russia's attack on Ukraine has dragged entire riskier asset value. Markets eye G7 meeting for further developments. FTSE100 took support near 200-day EMA and regained above 7300. The near-term support is around 7190, any breach below targets 7055/6975. The immediate resistance to be watched 7360, violation above will take the index to 7400/7440/7510.
DAX30-
The German index recovered from a multi-month low on short covering. Markets are still under pressure on geopolitical tension between Russia and Ukraine. The near-term resistance is around 14275. Any breach above targets 14500/14870. The index should close above 15200 for trend reversal. The immediate support is around 13700, a decline below that will drag the DAX to 13480/13270.
