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- Major support – 6600 (Aug 8th 2016 low)
- FTSE100 jumped from the low of 6655 made on Nov 4th 2016 till 6876. The index declined sharply on account of Donald Trump wins the US Presidential election.
- The index major support is around 6600 and any violation below targets 6455 (200- day MA)/6256 (61.8% retracement of 5727 and 7130).
- On the higher side , 6803 (38.2% retracement of 7130 and 6610) and any break above targets 6875/6928 (61.8% retracement of 7130 and 6611)/7130.
It is good to buy on dips around 6760-65 with SL around 6600 for the TP of 6928/7130
