UK STOCK MARKET OVERVIEW , Tuesday, August 12 2014

UK Stock Market Overview, Tuesday, August 12 2014

UK stocks registered a decent gain on Monday as investors 

took advantage of the bargains to be had following last 

week's declines and grew in confidence as geopolitical 

tensions eased.

After making a fairly steady climb throughout the day, 

the FTSE 100 ultimately closed 65.46 points  higher at 

6,632.82. 

For upcoming session 6500 level will be act as good 

psychological support if it manages to sustain above that 

short term recovery is expected, and it can test the level 

of 6700. 

As FTSE 100 opened gap up and manages to sustain above 6600 

level and facing resistance at 6650 level crossing of it can

show northward journey in the index.

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.

Stocks : Top Losers, Monday, August 11 2014

Top Losers, Monday, August 11 2014

Name	Close Price	Change %
Enterprise Inns	114	-2.9
Schroders	2213	-2.68
Gusbourne	73	-2.67
Smith Group	1248	-2.5
Bg Group	1154.5	-2.33

Stocks : Top Gainers, Monday, August 11 2014

Top Gainers,Monday, August 11 2014

Name	Close Price	Change %
Royal Bk Scotl Gr	345.6	2.43
Anglo American	1551	1.47
Morrison Subermkts	169.6	1.37
Tesco Plc	247	1.31
Sage Grp	387	1.28

Market Overview, Monday, August 11 2014

FTSE 100

• UK stocks had pared earlier losses by the close of trading although risk-averse traders remained on the sidelines in light of the heightened geopolitical tensions across the globe.

 

• The FTSE 100, which closed Thursday at a four-month low of 6,597.37, 
  

  traded down by another 0.45% to 6,567.36 at the end of trading, after 

  bouncing back from an intra day low of 6,528.73.

  Through out the week index has showed selling pressure and closed 

  the week with the loss of 130 points.

  For upcoming session 6500 level will be act as good psychological 

  support if it manages to sustain above that short term recovery 

  is expected, breaching of it can show further downside movement.

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 Losers in the UK market on Friday, August 08 2014

Below mentioned Stocks Showed the Bearish trend today in the UK Stock Market

Name	Close Price	Change %
Rsa Insur Grp	430.5	-3.02
Glaxosmithkline	1377	-2.75
Anglo American	1528.5	-2.64
Royal Bk Scotl Gr	337.4	-2.51
Bhp Billiton	1993	-2.06