British
banks were in the money on Friday as positive job news across the
Pond revived the prospect of a US rate hike in 2015. The FTSE
fell initially during the course of the week, but found enough
support near the 6650 level to turn things back and closed on
positive note at 6742 .The market is facing resistance from the
level of 6780 and any pull back is a buying opportunity.As index is
forming strong pattern for further buying, crossing of resistance
level can test the level of 6900 with the support of 6600.
TOP GAINER
|
Name
|
Close
Price
|
Change
%
|
|
Kingfisher
|
328.2
|
3.21
|
|
Vodafone
Group
|
230.6
|
3.11
|
|
Schroders
Nvtg
|
2171
|
3.04
|
|
Barclays
|
249.45
|
2.8
|
|
Carnival
|
2805
|
2.75
|
TOP LOSER
|
Name
|
Close
Price
|
Change
%
|
|
Bhp
Bhilliton
|
1474
|
-1.73
|
|
Bg
Group
|
907.5
|
-1.7
|
|
Next
|
6655
|
-1.48
|
|
Rio
Tinto
|
2898
|
-1.21
|
|
Anglo
American
|
1268
|
-1.21
|
 |
| Technical Chart |
RECOMMENDATION
BUY
TARGET 170
The major trend of Fidelity European Value Plc is bullish and it
is showing strenght for upside and manages to sustain above the trend
line.For upcoming session stock is looking strong on charts and
facing resistance from l65 level crossing of it can show upside
movement and can test the level of 170 with stop loss of 160.
CHART FORMATION:-
Stock has looking strong on charts and Flag pattern crossing of neck
line can show upside movement.
It's trading above the 50 DMA and200 DMA crossing with positive bias.
INDICATORS:-
RSI is trading above the 50 level and showing consolidation ,
crossing of 60 level it can test the level of 70.
Macd & Signal line is trading above Zero level line with positive
bias.
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