Wednesday, 3 September 2014

UK stock market overview

UK stock Market overview
The FTSE ended Tuesday's session with a modest rise, as investors weighed 
better-than-expected construction data and looked ahead to what is set to 
be the busier half of the week.
The FTSE 100 opened  gap up  and made a intra day high at 6849.50 and 
showed down side movement after that and faced enough support at the 
level of 6800 and showed bounce back from their and closed on moderate 
gain at  6829.17.
FTSE is ready to go higher, and ultimately should continue the up trend 
However, the 6900 level above is very resistive, and it is going to take 
quite a bit of effort to get above there.If it manages to breach the 6900 
level and sustains above that it can test the level of 7000. 
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