U.K. stock market overview

Upbeat news from the UK supermarket sector and falling oil prices put London shares on an upward path on Monday.The FTSE 100 Index closed 35.74 points up at 6563.65 as investors shrugged off worse-than-expected German factory data,but found the 6600 level to be far too resistive.FTSE 100 on chart is showing strength for pull back rally , on hourly charts it's has given the break out above the 50 and it has managing to sustain above 50 DMA and facing resistance from 200 DMA so it can test the level of 6780 breaching of it can show 6900.

TOP GAINER

Name	Close Price	Change %
Hays	122.7	5.87
Antofagasta	706.5	3.82
Barclays	232.3	3.43
Tesco Plc	176.75	2.67
Anglo American	1348	2.55

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TOP LOSER

Name	Close Price	Change %
Tate & lyle	595.5	-0.75
United Utilities	805	-0.62
Legal & Genral	226.8	-0.53
Next	6615	-0.48
Aviva	517	-0.47

U.K. stock pick of the day : Reed Elsevier Plc

RECOMMENDATION Sell

The secondary trend of Intermediate Reed Elsevier 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 970 with Stop loss of 1000 for the target of 912

CHART FORMATION:-

Stock is consolidating with negative bias breaching of the support level can show the down side movement.

It's managing to trade below 50 DMA and facing support from 200 DMA breaching of the 200 DMA can show further negative movement.

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

London's blue chips ended Thursday's session more than 100 points lower, as the European Central Bank (ECB) conference disappointed traders.The FTSE 100 closed 111.13 points below the opening bell, at 6,446.39.index has shown huge selling pressure and manages to trade below 50 DMA & 200 DMA with RSI is also sustain below the level of 50 with negative bias.In upcoming session further down side movement is expected as it has breached the major support level of 6500 now upcoming support level is 6450 breaching of it can test the level 6300 with the support of 6750.

TOP GAINER

Name	Close Price	Change %
Glaxosmithkline	1417.5	0.25
Dly Mail & gen Tst A	756.25	0.17
Tate & Lyle	585.5	0.09

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TOP LOSER

Name	Close Price	Change %
Man Group	113.3	-4.9
Sainsbury	224.8	-3.93
Enterprise Inns	117.9	-3.83
Bg Group	1053.5	-3.61
Intercont Hotels	2251	-3.56

U.K. stock pick of the day : Betfair Group Plc

U.K. Stock pick of the day

RECOMMENDATION BUY

TARGET 1144

Betfair Group Plc is looking strong on charts for buying .The over all trend of stock is bullish and it has manages to give the break out above the trend line and sustain above that with positive bias.In upcoming session it can show upside movement after crossing of the resistance level at 1101 it can test the level of 1144 with the stop loss at 1080.

CHART FORMATION:-

Stock has given the break out of trend line and forming flag pattern which is continuation pattern crossing of the neck line it can give the target of pole.i.e 1144.

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.

ADX is trading above 25 level, Positive Di has given the break out above negative DI which is indicating upside movement.

FTSE rose at the end

FTSE Overview

 

The FTSE ended Tuesday's session with a modest rise, as investors weighed better-than-expected construction data and looked ahead to what is set to be the busier half of the week.  The FTSE 100 opened gap up and made a intra day high at 6849.50 and showed down side movement after that and faced enough support at the level of 6800 and showed bounce back from their and closed on moderate gain at 6829.17 .FTSE is ready to go higher, and ultimately should continue the up trend However, the 6900 level above is very resistive, and it is going to take quite a bit of effort to get above there.If it manages to breach the 6900 level and sustains above that it can test the level of 7000.

 

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TOP GAINER

Name	Close Price	Change %
Anglo American	1562	2.53
Tesco Plc	230.9	2.37
Tate & Lyle	694.5	2.13
Man Group	120.5	2.03
Aviva	526	1.94

TOP LOSER

Name	Close Price	Change %
Royal Bk Scotl Gr	351.5	-2.44
Enterprise Inns	122.4	-1.84
Sse	1494	-1.65
Hays	132.9	-1.56
Lloyds Banking Grp	74.85	-1.36

U.K. stock pick of the day : Intermediate Capital Group Plc

UK 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.

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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

FTSE yesterday's stock market overview

 

London's blue chips ended Tuesday on a weaker note, as investors responded to a data-heavy session against a backdrop of the on-going protests in Hong Kong.With retailers dragging the way lower, the FTSE 100 closed 23.88 points lower at 6,622.72. Technically FTSE 100 is looking week on charts as it has given the break out below the major support level of 6640 and sustain below the level .Index has manages to sustain below 50 DMA & 200 DMA and RSI is also sustain below the level of 50 with negative bias. Now upcoming session the next hurdle is 6600 level, breaching below that can test the level of 6500,6400 with the resistance of 6750.

TOP GAINER

Name	Close Price	Change %
Associat Brit Foods	2679	4.53
Enterprise Inns	124.4	2.39
Royal Bk Scotl Gr	368.2	1.88
Sainsbury	251.5	1.7
Diageo	1785	1.28

TOP LOSER

Name	Close Price	Change %
Next	6605	-3.79
Prudential	1376	-2.72
Marks & Spencer	404.6	-2.6
Legal & general	229.3	-1.97
Aviva	524.5	-1.59

 

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