UK stock market overview

UK stock market overview

 

London's FTSE 100 had erased earlier losses and was trading in positive territory by Wednesday lunchtime, helped by decent gains from Kingfisher, Barratt Developments and precious metal stocks.However, upside was being limited by falls from Sports Direct and a host of blue chips that went ex-dividend.Index opened on flat note traded in a range and closed with minimal gain and manage to close above the level of 6800 which is proving as strong support zone.In near future if Index manages to sustain above 6750 level and showed consolidation it can test the level 6900 crossing of it can test 6950 level.

TOP GAINER

Name	Close Price	Change %
Kingfisher	320.2	4.23
Pearson	1161	2.65
Barclays	228.45	1.13
Bp	471.5	1
Glaxpsmithkline	1451.15	0.91

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TOP LOSER

Name	Close Price	Change %
Itv	212.5	-2.52
hays	126.2	-1.41
Sainsbury	289	-1.47
Dly Mail	846	-1.25
William Hill	349.6	-1.1

UK stock Pick of the day : Fidessa Group Plc

UK Stock pick of the day

 

RECOMMENDATION BUY

Fidessa Group Plc is looking strong on charts for buying .The over all trend of stock is bearish and facing resistance from the falling trend line. Stock is managing to trade above golden break out so upside movement is expected.In upcoming session it can show upside movement after crossing of the resistance level at 2377 it can test the level of 2550 with the stop loss at 2270.

 

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CHART FORMATION:-

Stock has managing to trade with positive bias from last few trading session , facing resistance from trend line crossing of it can show upside movement.

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

INDICATORS:-

RSI is trading above the level of 50 and looking further bullish and facing resistance at 57 crossing of it can test the level of 70.

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

UK STOCK MARKET TODAY'S OVERVIEW

London shares ended Tuesday’s session in the red as jitters about the Scottish independence referendum offset more positive economic news.

The FTSE 100 Index shut 5.77 focuses down at 6,829 as speculators bit in excess of one survey giving Scottish separatists the lead and an alternate with the "no" fight ahead by only one point, Index opened on level note exchanged a reach and shut with negligible misfortune and figure out how to close over the level of 6800 which is demonstrating as solid help zone. In approaching future it can indicated further redress and test the level of 6750 and at this reach it can show bob back and figure out how to test the level of 6900.

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TOP GAINER

Name	Close Price	Change %
Morrison Suppermkts	175.3	3.12
Sabmiller	3485.5	1.75
Llooyds Banking Grp	73.25	1.45
Wolseley	3287	1.23
William Hill	353.3	1.32

TOP LOSER

Name	Close Price	Change %
Hays	127.8	-2.74
Associat Brit Foods	2713	-1.6
Sse	1455	-1.49
Man Group	119.4	-1.4
Capita	1176	-1.34

UK Stock pick of the day : Carillion plc

Stock pick of the day

RECOMMENDATION : Sell

TARGET 314

STOCK SUMMARY:

The major trend of Carillion plc Ord is sideways but from last few trading session it's showing selling pressure and not managing to sustain at higher level. Stock is facing support from the rising trend line and consolidating near to it, breaching of it can show downside movement.One can initiate the short position in the stock below the level of 328 for the target of 314 with stop loss of 335.

CHART FORMATION:-

Stock is looking weak on chart and forming symmetric triangle breaching of support level it can downside movement.

Stock is managing to trade below 50 DMA and 200 DMA , facing resistance from it's 50 DMA which is acting as good stop loss level at 335.

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.

In ADX , Negative DI has given the break out of positive DI which is indicating weakness in current trend.

Top gainers and losers on UK stock market

Top gainers and losers of UK stock market

 

TOP GAINER

Name	Close Price	Change %
Shire	5135	2.19
Tesco Plc	232.7	1.84
Pearson	1117	0.72
Brit Amer Tobacco	3606	0.61
Carnival	2388	0.59

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TOP LOSER

Name	Close Price	Change %
Associat Brit Foods	2757	-5.23
Enterprise Inns	116.6	-3.64
Lloyd Banking grp	72.27	-2.34
3I Group	376.3	-2.16
Sse	1473	-2.51

UK Stock market overview

UK stock market overview

UK stocks ended Monday's session in the red, as investors became increasingly concerned about the referendum on Scottish independence and reacted to reports of ongoing geopolitical tensions amid what was otherwise a fairly quiet session.
 

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The FTSE closed down 20.33 at 6,834.77."After a mixed start, European markets have moved lower throughout the day with the FTSE 100 leading the declines after a weekend poll by YouGov put the 'Yes' vote for Scottish Independence ahead in the polls for the first time," said Michael Hewson, the chief market analyst at CMC Markets UK.

Technically FTSE showed short term correction and opened gap down traded in negative territory , breached the level of 6800 but did not manage sustain below that and closed with moderate loss above the level of 6800.

For upcoming session it can show consolidation face between the range of 6820-6850., crossing of 6850 it can test 6900 & 6950 with immediate support of 6700.

UK stock Pick of the day : Carillion Plc Ord

 

UK stock pick of the day

RECOMMENDATION : Sell

 

TARGET 314

 

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STOCK SUMMARY:

The major trend of Carillion plc Ord is sideways but from last few trading session it's showing selling pressure and not managing to sustain at higher level. Stock is facing support from the rising trend line and consolidating near to it, breaching of it can show downside movement.One can initiate the short position in the stock below the level of 328 for the target of 314 with stop loss of 335.

 

CHART FORMATION:-

Stock is looking weak on chart and forming symmetric triangle breaching of support level it can downside movement.

Stock is managing to trade below 50 DMA and 200 DMA , facing resistance from it's 50 DMA which is acting as good stop loss level at 335.

 

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.

In ADX , Negative DI has given the break out of positive DI which is indicating weakness in current trend.