The index breaks below 6973 (200 –HMA) and declined till 6962 at the time of writing. It is currently trading around 6997.
FTSE regained after making a low of 6962. Any minor weakness can be seen only below 6950.
Any violation below 6950 will drag the index down till 6905 ( of 6767 and 7129)/6831 ( of 6646 and 7129).
On the higher side, resistance is around 7037 (21- ) and any break above targets 7100/7129 in the short term.
It is good to buy on dips around 6985-6990 with SL around 6950 for the TP of 7120