FTSE Technical Analysis
Stocks and
Gilts rose, but prices for industrial metals and the US dollar
retreated after the minutes of the US central bank's policy meeting
were released overnight.
The
initial reaction from many traders and economists to the Federal
Reserve's minutes was that a December interest rate hike was now
quite possible, but for some - especially the former - apparently not
certain.
The FTSE
100 ended the day in green by 50 points at 6329. In the day market,
if breach the support level of 6200 on downside after
consolidation, then it can test the level of 6140 and the immediate
Resistance level is 6260.
Top Losers
Name
|
Close
Price
|
Change
%
|
TESCO
PLC
|
150.9
|
1.31
|
BT
GROUP
|
467.05
|
1.24
|
JOHNSON
MATTHEY
|
2703
|
1.1
|
SAGE
GRP
|
596
|
0.67
|
WPP
|
1538
|
0.65
|
Top Gainers
Name
|
Close
Price
|
Change
%
|
BP
|
365.95
|
1.54
|
ANGLO AMERICAN
|
328.05
|
1.45
|
OLD MUTUAL
|
181.7
|
1.45
|
MARKS & SPENCER
|
453.4
|
1.43
|
HAYS
|
148.3
|
1.3
|
Stock of the Day : BARCLAYS PLC
The
Major trend of BARCLAYS
PLC it is showing strentgh for buying If it crooses the resistance
level then one can initiate buying position in the stock. If it
crosses the level of 223 then it can test level for the target of 228
with the stop loss of 218
 |
| Barclays PLC |
Technical Chart
Stock is trading in a range and trading near the trend line. Breaking
the resistance line will lead to upside movement. Stock is trading up
the 50 DMA with positive bias.
 |
| Stock Technical Chart |
Stock Technical Analysis/Forecast
RSI is trading near to 60.30
levels with positive bias, in upcoming session upside movement is
expected.
MACD and Signal line is
sustained above the zero level line.
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