Monday, 11 August 2014

Market Overview, Monday, August 11 2014

FTSE 100

  • UK stocks had pared earlier losses by the close of trading although risk-averse traders remained on the sidelines in light of the heightened geopolitical tensions across the globe.
  • The FTSE 100, which closed Thursday at a four-month low of 6,597.37, 
    traded down by another 0.45% to 6,567.36 at the end of trading, after 
    bouncing back from an intra day low of 6,528.73.
    Through out the week index has showed selling pressure and closed 
    the week with the loss of 130 points.
    For upcoming session 6500 level will be act as good psychological 
    support if it manages to sustain above that short term recovery 
    is expected, breaching of it can show further downside movement.