Wednesday, 20 August 2014

UK Stock Market Overview

 
European stocks ended Tuesday's session higher as investors weighed UK 
and US inflation data.
 
It was another positive finish for London's blue chips on Tuesday, which 
saw a jump at the opening bell followed by relatively steady trading 
throughout the session, with a slight dip seen late in the morning Ultimately, 
the FTSE 100 closed 38.06 points higher at 6,779.31.
 
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.
 
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