Wednesday, 29 October 2014

FTSE overview


 
U.K. stock market ended Tuesday's session on an upbeat note thanks to a strong performance by the mining sector and a level of stability not seen on markets for several weeks. FTSE 100 opened on flat note and showed straight upside rally and manages to closed above 6400 level. The US central bank is also forecast to keep interest rates unchanged Which give strong signal and it traded with positive bias.Technically Index is looking strong as RSI is sustain above 50 level and it is trading above 50 DMA and facing resistance from 200 DMA crossing of it can show upside movement.Index is facing resistance at 6450 level if it manages to consolidate above 6400 level it can test the level of 6600 & 6750 with the support of 6300.

 
TOP GAINER
Name
Close Price
Change %
Smith & Nephew
1013
3.58
Anglo American
1344.5
3.7
Antofagasta
702
3.46
Vodafone Group
203.55
2.96
Aviva
518
2.37


TOP LOSER

Name
Close Price
Change %
Standard Chartered
998.4
-8.2
Lloyds Banking Grp
73.5
-2.44
Bg Group
1026
-1.63
Glaxosmithkline
1386.5
-0.89
Schroders Nvtg
1830
-0.81