Top gainers and losers of U.K. Stock market

Top gainers and losers of U.K. stock market

 

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

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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

UK stock market overview

UK stock Market 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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EUR/USD leveling at 1.3041 after hitting yearly lowest in FOREX

Most popularly traded Forex pair EUR/USD is falling low in the trade today. In the premiering hours of trade, the pair hit lowest point in 52 weeks citing further dropping in the level as the day advances.

Starting the month of September EUR/USD opened at 1.3118 marking weak cues in the global market in the prior week as the level is dangerously close to yearly lowest point. In the last week closing on 29 August 2014, the pair faced tremendous pressure from Asian trades and fell below its previous lowest level of 1.3150 in afternoon recorded at New York stock exchange.

European official currency Euro rebounded with positive cues from its domestic trading session. The currency is trading at 1.3130 which is a tag higher as compared to its previous closing.

Forex traders are looking out for the much awaited move from European Central Bank after the statements made about Quantitative easing made after the meeting of Jackson Hole concluded. US market is however closed for the day as an official holiday declared as Labor day.

EUR/USD levels to work on

According to technical analyst, immediate supports for EUR/USD is standing at 1.3118 (September 1 low), 1.3104 (September 6 2013 low) and psychological level at 1.3100. On the other hand, resistance level is marking level at 1.3140 (20-hour SMA), 1.3195 (August 29 high) and 1.3210 (10-day SMA).

The pair is trading 0.07 percent higher at 1.3041 according to latest data record at 0830 hours GMT. Market is looking slightly bullish but is overbought.

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Stock Pick of the day : Amlin Plc

Stock pick of the day

 

RECOMMENDATION BUY

TARGET 464

Amlin Plc is consolidating near to resistance level.The major trend of stock is bearish and it's showing reversal in the stock as from last few trading session it's managing to trade in positive territory and gaining strength for buying by showing accumulation with good volumes.In near future crossing of the resistance level i.e. 452 it can show the tgt of 464 with stop loss at 445.

 

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CHART FORMATION:-

Stock has forming double bottom and showing trend reversal crossing of resistance level it can show the level of 464 as falling trendline will act as resistance level.

It's managing to trade above 50 DMA and facing resistance from 200DMA once can book profit till the 200 DMA.

INDICATORS:-

RSI is trading above the level of 50 and looking further bullish and facing resistance at 62 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

Top gainers and losers of UK stock market

Top gainers and losers of UK stock market

 

TOP GAINER

Name	Close Price	Change %
Itv	218.7	3.55
Mark & Spencer	441	2.58
Bae Systems	456	2.45
Kingfisher	308.6	1.61
Bg Group	1217	1.29

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TOP LOSER

Name	Close Price	Change %
Morrison Suppermkts	173.5	-2.25
Tesco Plc	225.55	-1.91
Schroders Nvtg	1900	-1.55
Shire	4864	-1.2
Glaxosmithkline	1460	-0.98

UK Stock market overview

UK stock market overview

Figures showing a manufacturing slowdown in the Eurozone, UK and China
capped gains in stocks on Monday, as did the ongoing geopolitical
tensions in Ukraine.

Investors also chose to adopt a cautious approach in the absence of a
trading session in the States, with Wall Street closed fora public holiday.

Meanwhile, risk appetite was also limited ahead of a busy week for financial
markets worldwide. London's FTSE 100 finished the session 0.08% higher at 6,825.31.

The FTSE fell initially during the session on Monday, but found enough support at the 6800 level to bounce and form a hammer.

Because of that, it appears of the FTSE is ready to go higher, and ultimately
should continue the uptrend However, the 6900 level above is very resistive, and
it is going to take quite a bit of effort to get above there.

For free stock picks trial click here

EUR/USD leveling at 1.3041 after hitting yearly lowest in FOREX

Most popularly traded Forex pair EUR/USD is falling low in the trade today. In the premiering hours of trade, the pair hit lowest point in 52 weeks citing further dropping in the level as the day advances.

Starting the month of September EUR/USD opened at 1.3118 marking weak cues in the global market in the prior week as the level is dangerously close to yearly lowest point. In the last week closing on 29 August 2014, the pair faced tremendous pressure from Asian trades and fell below its previous lowest level of 1.3150 in afternoon recorded at New York stock exchange.

European official currency Euro rebounded with positive cues from its domestic trading session. The currency is trading at 1.3130 which is a tag higher as compared to its previous closing.

Forex traders are looking out for the much awaited move from European Central Bank after the statements made about Quantitative easing made after the meeting of Jackson Hole concluded. US market is however closed for the day as an official holiday declared as Labor day.

For free stock picks trial click here 

EUR/USD levels to work on

According to technical analyst, immediate supports for EUR/USD is standing at 1.3118 (September 1 low), 1.3104 (September 6 2013 low) and psychological level at 1.3100. On the other hand, resistance level is marking level at 1.3140 (20-hour SMA), 1.3195 (August 29 high) and 1.3210 (10-day SMA).

The pair is trading 0.07 percent higher at 1.3041 according to latest data record at 0830 hours GMT. Market is looking slightly bullish but is overbought.