Tuesday 23 December 2014

UK Stock Market Analysis and Stock Pick of the Day


MARKET OVERVIEW
Weakness in the resource sectors limited gains in London on Monday, though equity markets still managed to register their fifth straight day of gains as investors readied themselves for the Christmas break.The FTSE 100 finished 0.5%higher at 6,577, but pulled back after reaching a high of 6,620.95 earlier on. It has not exceeded this level since 8 December when it closed at 6,672.15.The FTSE has rally during the session on Monday, but turned back around as the 6600 level is far too much in the way resistive.Market can show short term correction any pull back rally will be buying opportunity and market can be headed towards 6900 levels.


TOP GAINER
Name
Close Price
Change %
Enterprise Inns
110
2.8
Compass Group
1107
1.93
Bae Systems
471.3
1.86
Kingfisher
330.1
1.82
Johnson Matthey
3410
1.76

TOP LOSER

Name
Close Price
Change %
Tesco Plc
181
-2.37
Bg Group
886.1
-1.69
Anglo American
1173.5
-1.63
Rsa Insur Grp
445.2
-0.98
Antofasta
738.5
-0.81


UK Stock Pick of the Day : WH Smith Plc Ord 

 

RECOMMENDATION BUY
TARGET 1430
The Major trend of WH Smith Plc Ord is bullish and it's consolidating near to resistance level at higher level with positive bias can show northward journey .One can initiate long position in the stock above the level of 1340 with the stop loss of 1290 for the target of 1430.

CHART FORMATION:-
Stock is showing consolidation at higher level crossing of resistance level can show upside movement
It's trading above 50 & 200 DMA with positive bias.


INDICATORS:-
RSI is trading above the level of 50 and showing consolidation , Breaching of the resistance level can manage to test further high.
MACD and Signal line is manages to give break out above zero level line sustaining above it can sjow upside movement.







Thursday 11 December 2014

GBPUSD Technical Report and Signal for Thursday, December 11 2014

Detailed Technical Report of GBP and USD
Technical Report


SUMMARY:

The secondary trend of GBP/USD is bearish, it is sustaining below the falling trend line & expected to give breakout at upside. Prices are taking support of 200 SMA & 30 DMA , consolidating with a positive bias. 1.5770 is a important level and breaching of it can show upside movement to the levels of 1.5820. MACD line is sustaining above the zero line, which is also indicating the positive sentiment in the market. RSI is also supporting the same. 

 
STRATEGY:- 
For Today, GBP/USD is looking strong on chart. We can expect positive side movement for this session. One can go for buy on dips strategy for this pair for intra day to mid term positions.
Technical Chart
 

S3
S2
S1
PIVOT
R1
R2
R3
EUR/USD
1.2300
1.2330
1.2389
1.2419
1.2478
1.2508
1.2567
GBP/USD
1.5591
1.5618
1.5667
1.5694
1.5743
1.5770
1.5819
USD/JPY
114.83
116.27
117.04
118.48
119.25
120.69
121.46
USD/CHF
0.9578
0.9619
0.9642
0.9683
0.9706
0.9747
0.9770
AUD/USD
0.8183
0.8222
0.8269
0.8308
0.8355
0.8394
0.8441
EUR/GBP
0.7852
0.7867
0.7894
0.7909
0.7936
0.7951
0.7978
USD/CAD
1.1368
1.1399
1.1441
1.1472
1.1514
1.1545
1.1587
NZD/USD
0.7529
0.7594
0.7703
0.7768
0.7877
0.7942
0.8051

Monday 8 December 2014

UK Stock Market Technical Analysis


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





Fidelity European Value Plc


Detailed technical chart of Fidelity European stock pick of the day
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.

Monday 1 December 2014

Travel and Retail sector jumped, UK Market ended flat.


A slight recovery in oil prices wasn't enough to ease the pressure on the energy sector on Friday, though stocks in London erased losses by the end of trade as shares in the travel and retail sectors jumped. London's FTSE 100, which hit a low of 6,667.08 in morning trade, finished more or less flat, falling just 0.01%to 6,722.62. The FTSE fell during most of the week, but found enough support near the 6675 level to turn things back . It is expected that market will go to 6900 level, which proving to be major resistance level with the support of 6400 level.

TOP GAINER
Name
Close Price
Change %
Carnival
2820
4.56
Kingfisher
312
3.41
Dly Mail & Gen Tst A
842
3.31
Vodafone Group
233.95
2.9
Imperial Tobacco
2960
2.46

TOP LOSER

Name
Close Price
Change %
Bg Group
902.4
-8.55
Bhp Billiton
1517
-3.19
Anglo American
1321.5
-2.26
Smith Group
1157
-2.12
Rolls-Royce Hldgs
842.5
-2.03


Drax Group Plc Ord

Technical Chart

RECOMMENDATION BUY
TARGET 652
The major trend of Drax Group Plc is bearish but it is showing strenght for upside and from last few trading it is not managing to sustain at lower level and closing with positive bias.For upcoming session stock looking strong on charts and facing resistance from 200 DMA crossing of it i.e. 612 show the level of 652 with stop loss of 599.

CHART FORMATION:-
Stock has looking strong on charts and forming flag pattern crossing of the neckline can give the target of pole.
It's trading above the 50 DMA and facing resistance from 200 DMA crossing of it can show upside movement.

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.

EUR-JPY Technical Analysis and Trend


 

S3
S2
S1
PIVOT
R1
R2
R3
EUR/USD 1.2390 1.2411 1.2423 1.2444 1.2456 1.2477 1.2489
GBP/USD 1.5544 1.5573 1.5593 1.5622 1.5642 1.5671 1.5691
USD/JPY 118.52 118.61 118.73 118.83 118.95 119.05 119.17
USD/CHF 0.9640 0.9649 0.9664 0.9673 0.9688 0.9697 0.9712
AUD/USD 0.8362 0.8395 0.8417 0.8450 0.8472 0.8505 0.8527
EUR/GBP 0.7943 0.7949 0.7957 0.7963 0.7971 0.7977 0.7985
USD/CAD 1.1406 1.1417 1.1435 1.1446 1.1464 1.1475 1.1493
NZD/USD 0.7721 0.7755 0.7774 0.7808 0.7827 0.7861 0.7880




Today's Chart: EUR/JPY (HOURLY )

EUR-JPY Technical Chart

SUMMARY:
EUR/JPY is in consolidating range, the pair is sustaining on the falling trendline with a negative bias, if it breaks the trendline at 147.98 levels, we can expect it to test the level of 147.75/147.51 downside. Prices can come down to test 200 SMA supporting the downside movement in the pair. RSI is sustaining in selling territory indicating the bearish sentiment in the market. MACD line is also about to break the zero line, supporting the same.

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STRATERGY :- For Today, EUR/JPY is looking weak on chart. We can expect downside movement for few upcoming session. Forex traders can go for sell on higher level strategy for this pair for intra day to mid term positions.