Tuesday, 19 August 2014

Market Overview : Tuesday, August 19 2014

European stocks jumped on news the Ukraine and Russia had made 
headway in talks to solve the crisis.
The FTSE maintained its upwards trend throughout Monday's session, 
ultimately ending 52.17 points higher at 6,741.
It opened on green note and made intra day high at 6750 and closed 
near to it's day high with positive bias so in upcoming  session upside 
movement is expected.
RSI has trading above the level of 50 and looking strong for buying so 
in upcoming session it can test the level of 7000.
Index has managing to trade above 50 DMA and 200 DMA , DI is also 
showing strength in current trend as it's trading above 25 Level & 
positive DI is trading above negative DI so now index can test the 
level of 6950 with the support of 6600.