• 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.