U.K. Stock pick of the day : Close Brothers Group

 

RECOMMENDATION BUY

TARGET

Close Brother Group Plc is looking strong on charts for buying .The over all trend of stock is Bullish and it is managing to trade with positive biasStock is strength as it's sustaing above both moving averages .In upcoming session it can show upside movement after crossing of the resistance level at 1390 it can test the level of 1490 with the stop loss at 1340.

 

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CHART FORMATION:-

Stock has managing to trade with positive bias and managing to sustain at higher crossing of resistance level 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 60 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 overview

 

MARKET OVERVIEW

Weakness in the heavyweight mining sector pushed UK equity markets into the red on Thursday, outweighing a decent performance by financial stocks.Underwhelming interim results from the likes of Morrisons and Next were also weighing on sentiment in London.The FTSE 100 was trading 0.4% Lower at 6,805 by midday.

Index opened on gap up but did not manages to sustain higher and showed negative bias and closed with moderate loss.For upcoming session it will supposed to move in range of 6780-6820.Consolidating in the range can show further upside movement as RSI is trading above 50 level and having scope to test the 70 level as Index is managing to sustain above 50 DMA & 200 DMA so it is also indicating the strength of current trend with support of 6750.

TOP GAINER

Name	Close Price	Change %
Sse	1485	2.77
Itv	216.6	1.98
Enterprises Inns	118.2	1.9
Hays	127.4	1.11
Lloyds Banking	74.08	1.16

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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

Weekly Outlook of FOREX market ending on September 12

Concluding the week with a positive vibe, US dollars recorded higher against 16 major currencies in forex pairing. USD expanded its growth rate in the week as it framed its biggest hit in international trade breaking last record of November 2013 with support from rising expectation of investors from US economic data.

In the running week, USD benchmarked highest record in its pairing with Aussie, with a change at 0.4 percent rate AUD/USD is trading at 0.9064 levels.

The major news driving forex exchange markets, "Early hike in interest rate" after the policy meeting of Federal Reserve and policy makers from September 16 to September 17. On speculations of rising USD, another important pairing with European markets which steadied their fluctuations remained almost flat reporting EUR/USD at 1.2917.

UK markets raged with stormy waves of changing market sentiment as independence of Scotland made its appearance on Monday pulling down Great British Pound (GBP) and another poll saying no to independence of the land brought back growth to sterling.

Market of UK is likely to trade in volatility until the matter is off the table. According to the latest quote, GBP/USD is trading at 1.6237 higher in weekly report and lower in preset levels.

Japanese Yen is running down the valley as it expanded its falling trend following the changes invested by Bank of Japan. Downward movement of JPY and hiking USD is tripping down the pairing of USD/JPY at 0.1 percent trading at 107.24.

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Close Brother Group Plc : UK stock pick of the day

RECOMMENDATION : BUY

Close Brother Group Plc is looking strong on charts for buying .The over all trend of stock is Bullish and it is managing to trade with positive biasStock is strength as it's sustaing above both moving averages .In upcoming session it can show upside movement after crossing of the resistance level at 1390 it can test the level of 1490 with the stop loss at 1340.

 

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CHART FORMATION:-

Stock has managing to trade with positive bias and managing to sustain at higher crossing of resistance level 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 60 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 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