Stock Pick of the Day for Thursday, February 05 2015 : Barclays Plc

 

RECOMMENDATION BUY

TARGET 260

The Major trend of Barclays Plc is sideways and it is showing strength for buying. If it moves above the resistance then one can initiate the long position in the stock. If it breaks the level of 250 upside then it can show upside movement for the target of 260 with the stop loss of 254.

CHART FORMATION:-

Stock is showing sign for reversal from downside in it. Crossing the resistance will lead to upside movement. Stock is trading above the 200 & 50 DMA with positive bias.

INDICATORS:-

RSI is trading near to 62 level with positive bias, in upcoming session upside movement is expected. Volume is also on higher side only.

MACD and Signal line is sustaining above the zero level line.

FTSE Overview as on Tuesday, February 03 2015

UK stocks recover from lower levels and closed higher after a choppy session as oil stocks gain. Manufacturing purchasing managers' indices (PMIs) from across the globe came in mixed, with growth picking up in the UK.

The FTSE 100 close at 6782.55, up 0.5% on the day after swinging between gains and losses.

The Index has recovered from lower level of the day and ended in positive note. If during the day market is breaching the resistance level of 6850 on upside after consolidation, then it can test the level of 6940 with the support of 6780.

TOP GAINER

Name	Close Price	Change %
BG Group	934.2	5.33
Sainsbury	267.3	4.66
Antofagasta	672	3.38
BP	437.7	3.12
BHP Billiton	1484	2.84

TOP LOSER

Name	Close Price	Change %
Carnival	2921	2.54
United Utilities GR	1001	2.53
Wolseley	3770	2.38
Kingfisher	335.1	2.25
Severn Trent	2106	2.14

Stock Pick of the day : BG GroupPlc

RECOMMENDATION BUY

TARGET 965

The Major trend of BG Group Plc is Consolidating in higher levels and it is showing strength and reversal from lower levels on charts and we can see upside movement in it. Stock is trading near its resistance of 935. One can initiate the long position in the stock if it breaks the level of 940 it can show upside movement for the target of 965 with the stop loss of 920.

CHART FORMATION:-

Stock is consolidating on higher level and showing sign for reversal movement in it. Crossing the resistance will lead to upside movement. Stock is trading above the 50 DMA with positive bias.

INDICATORS:-

RSI is trading near to 60 level with positive bias, in upcoming session upside movement is expected.

MACD and Signal line is sustaining above the zero level line.

UK Stock Market Overview as on Monday, February 02 2015

London Stock Exchange

UK stocks falls on Friday after Eurozone consumer prices fell more than forecasts and the rate of US economic growth slowed sharply. The Eurozone fell further into deflation in January with consumer prices falling at an annual rate of 0.6% after a 0.2% fall the month before, worse than the 0.5% drop expected. The FTSE 100 close at 6749, down 0.9% on the day and close lowest since 21^st January.

The Index has shown weakness and close near two week low and during the day if market is breaching the support level of 6720 on downside after consolidation, then it can test the level of 6640 with the resistance of 6800.

TOP GAINER

Name	Close Price	Change %
BHP Billiton	1443	2.09
Smiths Group	1127	1.53
Anglo American	1113	1.41
Rio Tinto	2925	1.35
DLY Mail& Gen TST A	860.47	1.23

TOP LOSER

Name	Close Price	Change %
Sainsbury	255.40	3.18
Rexam	425	3.03
Morrison Supermkts	179.90	2.70
BT Group	417.90	2.61
Diageo	1970	2.60

Investec Plc

Technical Chart

RECOMMENDATION SELL

TARGET 544

The Major trend of Investec Plc is Consolidating in higher levels and it is showing weakness on charts and we can see downside movement in it. Stock is trading near its support of 556. One can initiate the short position in the stock if it breaks the level of 556 it can show downside movement for the target of 544 with the stop loss of 566.

CHART FORMATION:-

Stock is consolidating on higher level and showing weakness for downside movement in it for correction. Crossing the support will lead to downside movement. Stock is trading below the 50 DMA with negative bias.

INDICATORS:-

RSI is trading near to 43 level with negative bias , in upcoming session downside movement is expected.

MACD and Signal line is sustaining below the zero level line.

FTSE Overview as on Friday, January 30 2015 and future Predictions

UK stocks closes negative after market digested global economic data and political developments in Greece. FOMC also said on Wednesday evening that they would remain “patient” about the timing of the first interest rate hike. The FTSE 100 close at 6811, down 0.2% on the day with energy sector providing a drag after oil major Royal Dutch shell published quarterly result below expectations. There is strong resistance at 6870 level and during the day if market is breaching the level of 6870 on upside, then it can test the level of 6960 with the support of 6800.

TOP GAINER

Name	Close Price	Change %
Diageo	2022.50	3.08
Marks & Spencer	487.80	2.14
Imperial Tobacco	3160	2.03
Unilever	2952	1.90
Reckitt Benck Grp	5720	1.78

TOP LOSER

Name	Close Price	Change %
Enterprise Inns	104.70	3.59
Antofagasta	655	2.75
Johnson Matthey Plc	3297	2.60
Carnival	3000	2.22
BG Group	880.90	1.88

UK Stocks Overview as on Wednesday, January 28 2015

 

UK stocks falls after figure shown that economic growth slowed to just 0.5% in fourth quarter of 2014 due to contractions in construction and production. The FTSE 100 fell 0.6% to 6811.61. Market falls from its highest level in four and a half months. There is strong resistance at 6920 level and during the day if market is breaching the level of 6835 then it can test the level of 6920 with the support of 6720.

TOP GAINER

Name	Close Price	Change %
Centrica	282.70	4.16
SSE	1545	1.91
United Utilities GR	1015	1.70
BP	445.68	1.52
Sage Grp	484	0.83

TOP LOSER

Name	Close Price	Change %
Rolls-Royse Hldgs	879	2.66
ITV	225.90	2.5
Anglo American	1090	2.46
Johnson Matthey Plc	3497	2.02
Pearson	1321	1.86

UK Stock Market Updates as on Wednesday, January 21 2015

Stocks ended the session with modest gains on the heels of better-than-expected growth figures in China.The FTSE 100 gained 34.57 points to finish the day at 6,629.The FTSE has broke higher during the course of the day on Monday, testing the 6600 level area. There is strong resistance at 6650 level crossing of it can show northward journey and can test the level of 6800 with the support of 6400.Any short term correction will be buying opportunity, as index is sustaining above the 60 RSI with positive bias.

TOP GAINER

Name	Close Price	Change %
Wolseley	3759	3.43
Royal Bk Scotl gR	380.5	3.12
Anglo American	1121.5	2.94
Kingfisher	336.5	2.68
Rolls-Royce Hldgs	882.5	1.5

NZD/USD Forex Market Report

NZD/USD

 

The NZD/USD is in consolidation phase. It is sustaining below the falling trend line with a positive bias. The pair is showing strength in buying side & consolidating on higher levels, gaining strength for breaking upside. If NZD/USD breaks the level of 0.7800 at upside & sustains above it then we can expect it to test the level of 0.7830/0.7850 in today's session. RSI is also sustaining in buying territory & indicating to continue its ongoing trend for this week also.

In MACD , MACD line is sustaining above the zero line & supporting the upside movement for next few sessions.

 

Technical Chart

STRATEGY :- NZD/USD is successfully sustaining on higher level & looking further bullish on charts. One can go for buy on dips strategy for this pair for intra day to mid term positions.