• Major support – 7100 (resistance turned into support).
   
• Major resistance – 7165 (10- day MA)    
   
• FTSE100 shown a jump till 7176 yesterday and declined sharply from that level. It is currently trading around 7094.
   
• The index upside capped by 10 –day MA and slight bullishness only above that level.
   
• On the higher side, resistance is around 7165 (10- day MA) and any break above 7165 will take the index till 7215 (21- day MA) / 7265 (61.8% retracement of 7359 and 7116)/7300.
   
• The immediate support is around 7060 (60- day EMA) and any break below will drag the index down till 7000/6969 (100- day EMA).  
   
• Overall trend reversal only above 7360 level.
  
  It is good to sell on rallies around 7125 with SL around 7165 for the TP of 7069/7000