UK MARKET OVERVIEW : Wednesday, August 13 2014

 
UK market overview

UK stocks had practically clawed back all of their losses come the end of 

trading on Tuesday as investors continued to watch geopolitical 

developments across the globe.

The FTSE 100 was down just 0.01% at 6,632 by the close, having touched a 

low of 6,617.31 early on. 

Index has trading in narrow range of 6600 to 6650 for upcoming session 

if it is managing to give closing above 6600 level crossing of 6650 level 

it can test the level  of 6700,RSI has trading above the level of 50 and 

looking strong for buying. 

Index has managing to trade above 50 DMA and facing resistance from 

200 DMA crossing of it can show further upside movement.

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Stock pick of the day : Tate & Lyle Plc

Tate & Lyle Plc

RECOMMENDATION  :  BUY

TARGET 1855

Tate & Lyle Plc is looking good for buying ,the major trend of stock is bearish but it's showing accumulation from bottom and gaining strength for buying and managing to trade in positive territory from last few trading session. Stock is consolidating near to the resistance level, crossing of it can show northward journey. One can initiate the long position in the stock above the level of 660 with stop loss of 640 for the target of 760.

CHART FORMATION:-

Stock is facing resistance from falling trend line & trading with the support of it, crossing of trend line can show upside movement.

It's managing to trade above 50 DMA & 200 DMA with positive bias.

INDICATORS:-

RSI is trading above the level of 50 and looking further bullish.

Fast line has given the break out above slow line and it's trading above the zero level line.

ADX is trading above25 level, Positive DI has given the break out above negative DI which is indicating strength in the stock for buying.

Stock Pick for tomorrow

Jet Plc

RECOMMENDATION : Sell

TARGET 1130

STOCK SUMMARY:

The major trend of Easy Jet Plc is bearish and managing to sustain at lower level with negative bias. Stock is facing resistance from the 50 DMA & 200DMA and sustaining below that which indicating the weakness in the stock. Breaching of the level 1230 it can test the level of 1130 with the stop loss of 1300

CHART FORMATION:-

Stock is looking weak on chart and consolidating with negative bias near to the support line.

It's 200 DMA has manage to sustain above 50 DMA and stock is trading below both the DMA which indicating weakness in the stock.

INDICATORS:-

RSI is trading below the level of 50 with negative bias & given the break out of rising trnd line which indicating the down side movement in the stock.

ADX is trading above 25 level, Negative DI has given the break out of positive DI which is indicating strength in the current trend.

MACD & Signal line is trading below the zero level line , indicating the trend of stock is weak.

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Stocks : Top Gainers in the UK market on Friday, August 08 2014

Name	Close Price	Change %
Sage Grp	382.1	3.08
Aviva	502.5	2.61
Legal & General	237.7	2.46
Carnvival	2177	1.97
Land Sec REIT	1035	1.67

Market Overview, August 08 2014

Market Overview

 

 

• UK stocks finished the session at their intra-day lows almost as traders 

  continued to anxiously watch developments between Ukraine and Russia. 

• Nato said that the significant increase of Russian troops near Ukraine 

  over the last few days is of "great concern" amid fears that Moscow 

  is readying to invade. 

• Russia has denied the allegations, saying that comments from Nato 

  are misleading.

• That came as both the Bank of England and the European Central 

  Bank (ECB) decided to keep their respective monetary policy settings 

  unchanged.The FTSE 100 ended the day 0.58% lower at 6,597.37. 

  For upcoming session it has given the closing below 50 DMA & 200

  DMA it can continue  it's downward trend and can test the level of 

  6400 with the resistance of 6700.
  

Stocks : Top Losers in the UK market on Thursday, August 07 2014

Name	Close Price	Change %
Man Group	116.7	-4.3
Intercont Hotels	2288	-3.26
William Hill	336.3	-1.52
Whitbread	4162	-1.51
Royal Bk Scotl Gr	347.3	-1.48

UK Market, August 07 2014

• Fears about a possible Russian invasion of Ukraine set off another wave of selling in UK equity markets on 

  Wednesday, with a string of disappointing data also weighing on sentiment. 

• The FTSE 100 finished the session 0.69% lower at 6,636.16, having slipped to a low of 6,588.43 - 

  it has not fallen below 6,600 in intra-day trade since April 17th. The benchmark index is now at its 200-day 

  moving average. 

• The FTSE 100 was up 0.07% higher at 6,682 by the close of trading after finishing Monday's session 

  at 6,677.52 - its lowest close since 10 July .

• In upcoming session it can show short term recovery and can test the level at 6800 with the 

  support of 6550. 

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