FxWirePro: FTSE100 faces strong resistance at 6350, good to sell on rallies

• Major resistance- 6350 (27TH Apr high)
   
• Major intraday support -6200
   
• FTSE100 has recovered after making a low of 6222 made a low of 6248 yesterday and      slightly recovered till 6298 from that level. It is currently trading 6270.
   
• The index major resistance is around 6320 (200 day MA) and any break above will take the index till 6350/6361 (61.8% retracement of 6433 and 6248)/6412.
   
• On the lower side minor support is at 6240 and any break below 6200 will drag the index down till 6200/6165/6100.
   
• StochRsi-Sell

It is good to sell on rallies around 6300 with SL around 6350 for the TP of 6205/6165