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- Major resistance -7130.
- Major support – 6925.
- UK index takes support near 6935 and started to jump from that level. It is currently trading around 6992.
- On the higher side, 7035 is acting as minor resistance and any break above targets 7055 (61.8% retracement of 7130 and 6928)/7130 in the short term.
- The immediate support stands at 6930 (61.8% retracement of 6809 and 7130) and any break below will drag the index down till 6885/6827 (61.8% retracement of 6646 and 7129).
- Overall trend reversal only below 6600 level.
It is good to sell on rallies around 7075-7080 with SL around 7131 for the TP of 6928/6830.
