Wednesday, 13 August 2014

UK MARKET OVERVIEW : Wednesday, August 13 2014

UK market overview
UK stocks had practically clawed back all of their losses come the end of 
trading on Tuesday as investors continued to watch geopolitical 
developments across the globe.
The FTSE 100 was down just 0.01% at 6,632 by the close, having touched a 
low of 6,617.31 early on. 
Index has trading in narrow range of 6600 to 6650 for upcoming session 
if it is managing to give closing above 6600 level crossing of 6650 level 
it can test the level  of 6700,RSI has trading above the level of 50 and 
looking strong for buying. 
Index has managing to trade above 50 DMA and facing resistance from 
200 DMA crossing of it can show further upside movement.