FTSE100 recovered more than 200 points from low of 7486 made on Jun 25th 2018. It has broekn minor trend line resistance 7630 and also trading slightly above 200-H MA at 7640. The index hits high of 7695 and iss currentl…
FTSE100 recovered more than 200 points from low of 7486 made on Jun 25th 2018. It has broekn minor trend line resistance 7630 and also trading slightly above 200-H MA at 7640. The index hits high of 7695 and iss currently trading around 7680.
Intraday trend is on the higher side as long as support 7640 (200- H MA) holds. Any break below 7640 will drag the index till 7600 (55- H EMA)/7570 (61.8% fib)
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The near term resistance is around 7705 and any violation above will take the index till 7743 (61.8% fib)/7796.
It is good to buy on dips around 7640 with SL around 7600 for the TP of 7740/7796.
