Tuesday, 30 September 2014

FTSE stock pick of the day : Intermediate Capital Group Plc


FTSE stock pick of the day

RECOMMENDATION Sell
TARGET
The secondary trend of Intermediate Capital Group Plc is Bullish and from last few trading session it's showing selling pressure and did not manages to sustain at higher level.Stock is facing support from rising trend line , breaching of it can show side movement one can initiates the short position in the stock below the level of 390 with Stop loss of 401 for the target of 370.
 
CHART FORMATION:-
Stock has forming inverted flag pattern breaching of the neck line it can give the target of pole.
It's managing to trade below 50 DMA & 200 DMA , it's 200 DMA is about to give cross over above 50 DMA which is confirming selling in the stock.
 
INDICATORS:-
RSI is trading below the level of 50 and consolidating with negative bias.
MACD & Signal line is manages to sustain below zero level line with negative bias.
ADX, Negative DI is sustaining above the positive DI which is indicating weakness in the stock.

FTSE yesterday's overview


U.K. Stock market yesterday's overview
 
 After sliding early on, the FTSE surfed some choppy waves before climbing in the final two hours of trade to end little changed, down just 2.79 points at 6,646.60. Index is facing enough support at the level of 6600 and did not managing to breach the level at downside.In upcoming it can show correction with support of 6600 as RSI is manages to cross the level of 50 and index is trading above the 20 DMA and facing resistance from 200 DMA crossing of it can test the level of 6750,6840.


TOP GAINER
Name
Close Price
Change %
Compass Group
984
2.39
Enterprise Inns
121.5
1.93
Bg Group
1145.5
1.6
Reed elsevier Plc
994.5
1.48
Capita
1169
1.39

 
TOP LOSER

Name
Close Price
Change %
Hsbc Hldg
635
-2.34
Standard Chartered
1155.5
-1.62
Anglo American
1384
-1.6
Marks & Spencers
415.4
1.49
Tesco Plc
188.72
-1.48

Monday, 29 September 2014

FTSE stock pick of the day


Hsbc Holding Plc

Stock pick of the day

RECOMMENDATION Sell
TARGET 600
The major trend of Hsbc Holding Plc is Bullish and from last few trading session it's showing selling pressure .One can initiates the position in the stock with the strategy of selling at higher level.Stock has facing major support level of 642 breacing of it can test the level of 600 with the stop loss of 655
CHART FORMATION:-
Stock has forming rounding top which is reversal pattern breaching of the support level it can test the level of 600.
It's managing to trade below 50 DMA and facing support of 200 DMA breaching of 200 DMA can further show down side movement.

INDICATORS:-
RSI is trading below the level of 50 and looking further bearish.
MACD & Signal line is manages to sustain below zero level line with negative bias.

FTSE yesterdays overview



UK stocks ended the final session of the week with a modest rise, although on the week the index was significantly lower.The FTSE 100 closed 9.68 points higher at 6,649.39.The FTSE fell during the course of the week , testing the 6600 level. In upcoming session it is looking weak on charts as it is not managing to sustain at higher level and facing selling from the top.RSI is also sustain below the level 50 with confirming the weakness in the index and it's trading below 50 DMA & 200 DMA breaching of 6600 level it can test the level of 6500,6400 with resistance of 6750.

TOP GAINER
Name
Close Price
Change %
Brit Land Co Reit
707.5
2.31
Schroders Nvtg
1887
1.51
Shire
5355
2.19
Aviva
533
1.62
Reckitt Benck Grp
5335
1.52


TOP LOSER

Name
Close Price
Change %
Sainsbury
250.9
-2.75
Imperial Tobacco
2651
-1.63
Morrison Supermkts
171.7
-1.38
Bg Group
1130
-0.75
Enterprise Inns
119.4
-0.75

Friday, 26 September 2014

Stock pick of the day : Hsbc Holding Plc


UK stock pick of the day


RECOMMENDATION Sell
TARGET

The major trend of Hsbc Holding Plc is Bullish and from last few trading session it's showing selling pressure .One can initiates the position in the stock with the strategy of selling at higher level.Stock has facing major support level of 642 breaching of it can test the level of 600 with the stop loss of 655.
 

CHART FORMATION:-
Stock has forming rounding top which is reversal pattern breaching of the support level it can test the level of 600.
It's managing to trade below 50 DMA and facing support of 200 DMA breaching of 200 DMA can further show down side movement.


INDICATORS:-
RSI is trading below the level of 50 and looking further bearish.
MACD & Signal line is manages to sustain below zero level line with negative bias.

U.K. stock market yesterday's overview


UK stock market overview
 
The FTSE 100 Index closed 66.56 points adrift at 6639.71 as the greenback bounced on speculation of monetary stimulus from the European Central Bank (ECB) and US interest rate hikes.The FTSEinitially tried to rally on Thursday, but turned back around and formed a rather negative candle. ThE FTSE 100 opened on negative note but in intial market session tested the 6700 but did not manages to sustain at higher level and closed on negative note .
In upcomming session it can show downside movement after breaching the major support level of 6580 it can test the level of 6500 with the resistance of 6700.


TOP GAINER
Name
Close Price
Change %
William Hills
373.8
2.61
Lloyds Banking Grp
76.2
1.07
Shire
5240
1.06
Schroders Nvtg
1856
1.03
Reckitt Benck Grp
5304.2
1.03


TOP LOSER

Name
Close Price
Change %
Anglo American
1407
-3.7
Bp
451.25
-2.95
Bhp Billiton
1746
-2.87
Kohnson Mathey Plc
2944
-2.52
Rexam
495.8
-2.5

Thursday, 25 September 2014

U.K. Stock pick of the day : Fresnillo Plc


U.K. stock pick of the day

RECOMMENDATION BUY
TARGET 845

The major trend of Fresnillo Plc Ord is Bearish and from last few trading session it's showing strength of buying.Stock is forming H&S pattern which is a reversal pattern crossing of neck line can show upside movement.One can initiates the long position in the stock above the level 795 with SL of 770 for the target of 845.
 
CHART FORMATION:-
Stock has forming H&S pattern which is reversal pattern , Crossing of neck line can show upside movement.
It's managing to trade above 50 DMA and facing resistance from 200 DMA crossing of it can show upside movement.


INDICATORS:-
RSI is trading above the level of 50 and forming downward channel , Breaching of the channel can manage to test the level of 70.
ADX is trading above 25 level , Positive DI is given the break out above negativi DI which is confirming strenght in the stock.

FTSE yesterday's overview


U.K Stock market Overview
 
The FTSE is holding slightly lower come midday with traders focusing on the ever present risk of something going amiss in a conflict and a weak reading on German business confidence weighing on sentiment.Over night the US and its allies carried out a first wave of air strikes against IS targets in Syria. FTSE100 opened on negative note but in first half of trading session it consolidate and in later half it showed upside movement and manages to close above 6700 level in upcoming session upside movement is expected , consolidating above the 6700 and crossing the 6750 level it can test the level 6900 with support of 6600.

TOP GAINER
Name
Close Price
Change %
Fresnillo
779.5
2.7
Vodafone Group
201.9
1.64
Kingfidher
315.8
1.41
Rio Tinto
3146
1.22
Sse
1525
1.06

 
TOP LOSER

Name
Close Price
Change %
Centrica
306.4
-2.54
Royal MAtl
416.3
-1.84
Aviva
521.5
-1.51
Old Mutual PLc
185.7
-1.49
Associated British Foods
2852
-1.41

Wednesday, 24 September 2014

Sluggish Global Markets with Weak Growth Data and Geopolitical Tensions




Adverse Global cues with Western Markets in Europe fell flat because of Slow Growth in September, the second month running. The Weak French manufacturing data, and a decline in Manufacturing sector data for Germany triggered a slow down in Wall Street,the FTSE 100 dropped 1.4 percent to 6,676 and The EURO STOXX 50 Index, Europe's leading Blue-chip index for the Eurozone, is down to 342 down 1.4 percent. 


The The Dow Jones Industrial Average showed a downward trend with a drop of 0.7 per cent to 17,056 and the S&P 500 dropped 0.6 per cent to 1,983.

Janet Yellen Fed Reserve Head has Signaled the Rate Hike Can Come Sonner than Expected and and Told the Investors to be Prepared for it, if that happens US Stocks will tank, already reeling from the new Tough laws for Checking the Corporate Inversion in which US Companies shifted their profits abroad to avoid taxes. At least Ten Companies which are in middle of Deal Making such as Burger King Deal with Tim Hortan will be Impacted because of these measures.

The Grim Situation in the World Markets is Compounded by a rapidly developing Geo-Political situation in Syria with USA-Arab Coalition Decision to go in for a strike, The Obama calling for others nation to Join in the fight with "This is not America's fight alone" can the Impact of it is set to transcend boarders.

On Asia Front HSBC Flash Data on Purchase Manager Index of 50.5 better than last month data of 50.2 has meant a strong sentiment in Chinese Market, with report showing a growing manufacturing sector, leading to a strong stock rally bucking the Global Trend of Caution and slow down. There Should be a more clarity on it once the Final Data which is set to released on 30th September. The Asian Stocks have Rebounded with Hong-Kong rising mitigating losses suffered in Australia and Japan.

The Market this week will continue to show a sluggish movement with US Home Sales Data Due in six Hours, and Annualized US GDP Data due in a couple of days, being high Impact data also on watch will be Australian RBA Governor Glenn Steve speech tomorrow in which he is expected to make major Policy Announcement.

Monday, 22 September 2014

Histroy of Commodity market


It seems the fixing scandal has come to commodities. Before we all get lost in the jargon filled world of straddles and assayers, it might be worth brushing up on the some of the less well known facts about the market.

1) Sweet as candy

The New York Mercantile Exchange's first home was a little room in a steam sweet and sugar refinery on the corner of Greenwich and Chambers Streets, in what is currently known as Manhattan's West Village.

Contracts exchanged on Nymex have included propane, plywood, silver coins, pieces of fruit, eggs, foreign made solidified crisp boneless meat and solidified dressed turkeys.

Nymex was purchased by CME Group in 2008.

2) The philosopher and the olive presses


Choices were initially specified by the Greek logician Aristotle in his book "Legislative issues", composed around 350 BC, or 2334 prior years Libor.

Aristotle recounts the story of one of the seven sages of old Greece, Thales of Miletus. "Thales, so the story goes, in view of his destitution was insulted with the futility of theory," says Aristotle in Politics.

Anyhow by settling products markets taking a gander at the stars and the climate, Thales anticipated a colossal guard crop for olives the accompanying year. Eureka! He understood that an expansive harvest of olives would have prompted a solid interest for olive presses.

Owning all the presses would have been perfect, however Thales was a savant and didn't have any cash to purchase them. Rather, he chose to utilize a littler measure of cash as stores to secure utilization of the majority of the olive presses. It was basically a call choice on the presses.

At the point when the plentiful harvest he had anticipated that arrived everyone needed will utilize the presses and Thales sold out the right to utilize them. He profited, "so demonstrating that it is simple for rationalists to be rich on the off chance that they pick, yet this is not what they think about," peruses Aristotle's Politics.

 3) Samurai trading


While alternatives have old roots, the first thing trade goes again to seventeenth century Japan.

Individuals. Old Japan. pic: around 1900. Four Samurai warriors in their conventional costumes.at the time the samurai were paid in rice, which they then needed to trade for coins through rice businesses or cash changers. Perhaps their compensation council was exhorted by Credit Suisse.

Naturally, the samurai needed to have stronger control on the rice markets. Making a formal business implied the samurai could profit. So together with rice handles the samurai dispatched the Dojima Rice Exchange in 1697.

The trade was broken up after 242 years.

4) Blessed by the Gods


A 31 foot, six ton aluminium statue of Ceres, the Roman Goddess of grain harvest, best the Chicago Board of Trade building. Introduced in 1930, it would be worth around $63,900 in the event that you liquefied it down. It was made by John Storr, a stone worker from Chicago who happened to be an understudy of renowned French craftsman Auguste Rodin.
5) OIL, DOLR and ZEN

Floor dealers at the New York Mercantile trade frequently know one another by the yellow or green identifications that show floor names, as opposed to their given name. Floor names are alpha codes made up of three or four letters. These incorporate OIL, OPEC, DOLR, ZEN.

This originates from when a large portion of the exchanging occurred on the floor and distinguishing individuals by an one of a kind acronym was speedier and less demanding than calling them by their given name or organization. That would never happen today.
 
6) Hearing skills

Until business sector costs were posted electronically, writing slates were utilized at Nymex to show the data. The assistants, known as "load up young men", figured out how to perceive dealers by their voices in light of the fact that they didn't have room schedule-wise to turn around and see who was getting out the requests.

7) Day one on Comex


The six wares accessible for exchanging on Commodity Exchange, Inc (Comex) on its opening day in 1933 were copper, shrouds, elastic, silk, silver and tin.

Comex is currently piece of CME Group and is known for its valuable metal contracts. Of those six products, just silver and copper can now be exchanged. Which is a disgrace on the grounds that I wager you could make a mean arbitrage exchange utilizing shroud choices and climate subsidiaries.

 8) Walk of shame

Back in the days when smoking was permitted in many spots, an enormous ashtray used to sit amidst the ring at the London Metal Exchange.

Brokers were just permitted to smoke amid one exchanging session toward the evening, however since they needed to stay in contact with the merchant couch, they were compelled to flick the cigarette barges in on the ashtray.

Missing the ashtray included a humiliating stroll of disgrace to recover the butt one the session was over.

9) Delivery? No thanks.

It is well realized that numerous products contracts are physically deliverable, implying that when they lapse you can really get live bovines or bushels of corn. It is less well realized that conveyance happens just in under 2% of all farming contracts exchanged on the CME. Furthermore clearly even brokers take conveyance by misstep.

10) Hollywood loves commodities trading

During the time the CME's exchanging floors have been emphasized in numerous hit movies, including: two Batman motion pictures – Batman Begins and The Dark Knight featuring Christian Bale; Transformers: Dark of the Moon; Ferris Bueller's Day Off with a shockingly adolescent Matthew Broderick; and Jungle 2 Jungle featuring Tim Allen.

Gracious yes, and the famous Trading Places in which Eddie Murphy's character, Billy Ray Valentine,  gets educated on products exchanging by the Duke Brother

U.K. Stock pick of the day : Berkeley Group Holding


 


RECOMMENDATION BUY
 
TARGET 2490

The primary trend Berkeley Group Holding is Bearish and from last few trading session it's showing strength of buying.Stock has given the break out of falling trendline and manages to consolidates above it with positive bias, it is facing resistance from 200 DMA crossing of it can show northward journey.One can initiates the long position in the stock above the level of 2401 with stop loss of 50 DMA i.e. 2360 for the target of 2490.
 

CHART FORMATION:-

Stock has given break out of trendline and forming flag pattern which is indicating buying in the stock.
It's managing to trade above 50 DMA and facing resistance from 200 DMA crossing of it can show upside movement.

 



INDICATORS:-

RSI is trading above the level of 50 and forming downward channel, Breaching of the channel can manage to test the level of 70.
Fast line has given the break out above slow line and it's sustains above the zero level.
ADX is trading above 25 level, Positive DI is about to give break out above negative DI which is confirming strength in the stock.

U.K. stock market yesterday's overview


London-listed stocks ended the final session of the week with decent gains, although the final figure was notably lower than the level seen earlier in the day following the Scottish referendum result.Some 55.3% of Scots voted 'no' to independence from the UK while 44.7 voted 'yes', erasing concerns about a break-up which has weighed heavily on market sentiment in recent weeks.
FTSE 100 in the initial week showed selling pressure but have enough support at the level of 6750 and closed the week with green note with the weekly high at 6888.In upcoming session it is looking strong for buying ,managing to sustain above 50 DMA & 200 DMA with RSI is also supporting by trading above 55 level .Index is having strong resistance at 6905 level crossing of it can test the level 7000,7150 with the support of 6750.


TOP GAINER

Name
Close Price
Change %
3I Group
398.9
3.29
Royal Bk Scotl Gr
366
2.46
Morrison Suppernkts
435.3
2.23
Hays
182
2.02
Carnival
127.9
1.92


TOP LOSER


Name
Close Price
Change %
Rio Tinto
3179
-156
Wolseley
3315
-1.04
Bhp Billiton
1739.5
-1.27
Anglo American
1472
-1.17
Prudential
1413
-1.02

Friday, 19 September 2014

U.K. stock pick of the day : Croda International Plc


 


RECOMMENDATION BUY
TARGET 2300

The primary trend of Croda International Plc is bullish and from last few trading session it is managing to sustain at higher level with positive bias.Stock is trading with support of falling trend line crossing of it can show upside .One can make a long position in the stock above the level of 2220 with sl of 2170 for the target of 2300.
 

CHART FORMATION:-

Stock has managing to trade with positive bias and consolidating near to resistance level crossing of it can show northward journey.
It's 200 DMA has given the break out above 50 DMA which is indicating buying in the stock.

INDICATORS:-

RSI is trading above the level of 50 and forming downward channel , Breaching of the channel can manage to test the level of 70.
Fast line has given the break out above slow line and it's sustains above the zero level.
ADX is trading above 25 level , Positive DI has given the break out above negative DI.