Since Ftse remains flat this week so I maintain my earlier view on it. In my last week review I was expecting that Ftse may see little drop to complete the bullish pattern though it did not do that in this week but that option is still there. The way it is moving now, I will not surprise if it again try to tests 5800-5850 levels in early days of the coming week. Things may become bad if it breaks 5800 range because in that case we may see Ftse in lower levels.
Ftse is getting strong resistance in 5900 level which it failed to break in last few months. But looks like this time Ftse is giving strong movements than recent months, so things may turn. As I said that there is a chance of drop but so long it maintains 5600 level in the downside another reversal in the upside may not be ruled out.
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