Tuesday, 12 August 2014

UK STOCK MARKET OVERVIEW , Tuesday, August 12 2014

UK Stock Market Overview, Tuesday, August 12 2014


UK stocks registered a decent gain on Monday as investors 
took advantage of the bargains to be had following last 
week's declines and grew in confidence as geopolitical 
tensions eased.
 
After making a fairly steady climb throughout the day, 
the FTSE 100 ultimately closed 65.46 points  higher at 
6,632.82
 
For upcoming session 6500 level will be act as good 
psychological support if it manages to sustain above that 
short term recovery is expected, and it can test the level 
of 6700. 
 
As FTSE 100 opened gap up and manages to sustain above 6600 
level and facing resistance at 6650 level crossing of it can
show northward journey in the index.