UK stock market at a glance

MARKET OVERVIEW

 

The London stock market was more or less flat by Thursday lunchtime, erasing earlier losses after a well-received update from Morrison's boosted shares in the retail sector.

However, upside was being limited ahead of a number of risk events expected before the weekend, including a European Central Bank (ECB) monetary policy decision and the all-important US non-farm payrolls report.London's FTSE 100 was just 0.1% lower at 6,533 by midday, with investors pausing for breath after a 1.3%gain the previous sessions.RSI is also trading above 50 level and index is giving closing above 50 DMA & 200 DMA with positive bias . For upcoming session it is looking strong and crossing of 6600 it can test the level 6900 with the 6400.

TOP GAINER

Name	Close Price	Change %
Sainsbury	262.2	6.03
Morrison Suppermkts	172.18	6.02
Marks& Spencers	470.4	5.92
Tesco Plc	181.5	3.27
Standard Chartered	960	2.56

TOP LOSER

Name	Close Price	Change %
Rsa Insur Grp	460.1	-4.96
Tate & Lyle	598.5	-1.72
Glaxosmithkline	1413.5	-1.57
Smith & Nephew	1053	-1.4
Enterprise Inns	129.5	-1.15

  FTSE Stock Pick of the day : Fresnillo Plc

RECOMMENDATION BUY

TARGET 740

The primary trend of Fresnillo Plc is bearish but it has shown recovery from bottom and manages to trade above with support of 50 DMA .Stock is showing strength in buying from last few trading session and trading with positive bias.One can initiates the long position in the stock after crossing of falling trend line at 702 it can test the level of 740 with the stop loss of 680.

 

CHART FORMATION:-

Stock is showing consolidation and showed recovery from bottom, one can go with strategy buying from bottom.

Stock is sustaining above 50 DMA and crossing of the resistance level and crossing 200 Dma can show further upside movement

 

INDICATORS:-

RSI is trading near to the level of 50 and showing consolidation , Breaching of the resistance level can manage to test the level of 70.

In ADX , Positive DI is placed above negative which is indicating strength for buying.

Macd & Signal line is about to give break out above Zero level line which is indicating strength in the stock.

London stock pick of the day : Arm Holding Plc

Stock of the day

RECOMMENDATION BUY

TARGET 940

The primary trend of Arm Holding Plc is bearish but it has shown recovery from bottom and manages to trade above 50 DMA .Stock is showing strength in buying from last few trading session and trading with positive bias.One can initiates the long position in the stock after crossing of falling trend line at 886 it can test the level of 940 with the stop loss of 860.

 

CHART FORMATION:-

Stock is forming falling wedge pattern and trading in the pattern crossing of the trend line can show northward journey.

Stock is sustaining above 50 DMA and crossing of the resistance level and crossing 200 Dma can show further upside movement

Click to enlarge

INDICATORS:-

RSI is trading near to the level of 50 and showing consolidation , Breaching of the resistance level can manage to test the level of 70.

In ADX is trading above 25 level , Positive DI is placed above negative which is indicating strength for buying.

Macd & Signal line is trading above Zero level line which is indicating strength in the stock.

London stock exchage overview

London Stock Exchange

 

Markets shrugged off fresh economic woes and gold price falls on Wednesday, helped by positive news from retailer Marks & Spencer (M&S). Continental European service sector data came in weak and UK service data also surprised on the downside, slowing to a 17-month low in October. The FTSE had a very positive session on Wednesday, testing the 6550 level and manage to close at higher level at 6539. Index is heading toward 6900 level with the strong buying from every pull back and 6400 level is proving to be strong support level.

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TOP GAINER

Name	Close Price	Change %
Mark & Spencer	444.1	9.74
Morrison Suppermkts	162.4	5.94
Associat Brit Foods	2942	5.71
Schroders Nvtg	1981	3.18
United Untilities Gr	865.5	2.79

TOP LOSER

Name	Close Price	Change %
Gusbourne	71.5	-3.38
Kingfisher	285	-2.83
Standard Chartered	936	-1
William Hill	351.8	-0.71
Dly Mail & Gen Tst A	790	-0.57

UK stock market overview and stock pick of the day

 

The falling price of crude oil and precious metals left markets struggling to get a grip on Tuesday. The price of a barrel of US light crude fell nearly 3% to about $76.5 a barrel and Brent crude dipped below the$83 mark, dragging the FTSE 100 Index down 34 points at 6453.97. If Index can break above the 6600 level, this market will then go to the 6900 level and given enough time for it with 6400 level is proving to be good support level. FTSE 100 is trading in narrow range of 6430-6510 consolidating in a range.

TOP GAINER

Name	Close Price	Change %
Man Group	129.8	5.19
Associat Brit Food	2783	4.19
Imperial Tobacco	2777	4.12
Legal & General	235.2	1.99
Dly Mail & Gen Tst A	806.13	1.72

TOP LOSER

Name	Close Price	Change %
Bg Group	999.1	-3.56
Bp	430.4	-3
William Hill	354.3	-1.58
Bae Systems	451	-1.46
Bt Group	362.2	-1.39

Stock pick of the day : Petra Diamonds Limited Ord Plc

 

RECOMMENDATION BUY

TARGET 176

The primary trend of Petra Diamonds Limited Ord Plc is bearish but from last few trading session it is not managing to sustain at lower level and showing strengtg for buying.For upcoming session it is looking strong and consolidating near to resistance level i.e. 170 crossing of it can give the target of 176 with the stop loss of 166 .

CHART FORMATION:-

Stock is trading with near to resistance level and consolidating with positive bias crossing of resistance can show northward journey.

Stock is sustaining above 50 DMA and crossing of the resistance level it can test the level of 200 DMA.

INDICATORS:-

RSI is trading near to the level of 50 and showing consolidation , Breaching of the resistance level can manage to test the level of 70.

In ADX is trading above 25 level , Positive DI is placed above negative which is indicating strength for buying.

Macd & Signal line is trading above Zero level line which is indicating strength in the stock.

UK stock pick of the day : Spirax – Sarco Engineering Plc

UK stock pick of the day

RECOMMENDATION  : BUY
TARGET                     : 2990

The primary trend of  Spirax – Sarco enginerring Plc is  side ways and it has given the break out of falling trend line and managing to sustain above it positive bias.From last week it is consolidating near to resistance level with positive bias. Stock is looking strong for upcoming session  as it has given the break out of 2820 and sustains above that after crossing of the strong resistance i.e. 2860  it can test the level of 2990 with the stop loss if  2790.

CHART FORMATION:-

Stock is trading with near to resistance level and consolidating with positive bias crossing of resistance can show northward journey.
Stock is sustaining above 50 DMA  and 200 DMA with positive bias.

Technical chart

INDICATORS:-

RSI is trading near to the level of 50 and showing consolidation , Breaching of the resistance level can manage to test the level of 70.
In ADX is trading above 25 level , Positive DI is placed above negative which is indicating strength for buying.
Macd & Signal line is  trading above Zero level line which is indicating strength in the stock.

London stock exchange Overview

 

London Stock exchange

Banking stocks helped the FTSE to a positive finish on Friday after the Bank of England (BoE) unveiled softer-than-expected requirements for banks' leverage ratios and also thanks in part to an unexpected boost to stimulus from the Bank of Japan announced overnight.

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The top tier closed the day 82.92 points higher, for a rise of 137.15.On charts Index is looking further strong as RSI is trading above 50 level with positive bias. Index is showing buying from bottom and has sustain above the 6400 level and  closed above 6500 level which is confirming the strength in the Index.For upcoming week it can test the level of 6800 with the support of 6300.

TOP GAINER

Name	Close Price	Change %
Barclays	240.8	8.2
Royal Bk Scotl Gr	388	6.21
Hays	123.3	4.76
Schroders nvtg	1923	4.34
Schroders	2411	3.43

TOP LOSER

Name	Close Price	Change %
Morrison Suppermkts	154.8	-0.51
Standard Charterd	939.6	-0.42
Tate & Lyle	606	-0.41
Sainsbury	245.5	-0.41
Capita	1097	-0.36

U.K. Stock of the day : Close Brother Group Plc

click to enlarge

RECOMMENDATION BUY

TARGET 1475

The primary trend of Close Brother Group Plc is sideways , From last week it is consolidating near to resistance level with positive bias. Stock is looking strong for upcoming session as it has given the break out of 1410 and sustains above that after crossing of the strong resistance i.e. 1430 it can test the level of 1475 with the stop loss if 1404.

 

CHART FORMATION:-

Stock is trading with near to resistance level and consolidating with positive bias crossing of resistance can show northward journey.

Stock is sustaining above 50 DMA and 200 DMA with positive bias.

 

INDICATORS:-

RSI is trading near to the level of 50 and showing consolidation , Breaching of the resistance level can manage to test the level of 70.

In ADX is trading above 25 level , Positive DI is placed above negative which is indicating strength for buying.

Macd & Signal line is trading above Zero level line which is indicating strength in the stock.

London stock market analysis

UK stocks overview

 

London stock exchange closed slightly higher on Thursday, as a strong performance by Smith & Nephew was offset by losses amongst the mining sector. The FTSE fell during the course of the day on Thursday, but found the 6375 level as support and ended up with moderate gains at 9.68 points higher than on the previous day at 6,463.55 and now for upcoming session bullish trend is expected on the charts any pullback between here and there should be a buying opportunity on a short-term basis. If it  Crosses the resistance level 6500 it can show the level of 6600 & 6750 with the support of 6350.

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TOP GAINER

Name	Close Price	Change %
Smith & Nephew	1054	3.54
Shire	4164	2.18
Carnival	2467	1.82
Intercont Hotels	2337	1.79
Capita	1101	1.76

TOP LOSER

Name	Close Price	Change %
Standard Chartered	943.6	-4.89
Anglo American	1320.5	-2.37
Hays	117.7	-2.24
Bt Group	367.9	-2.02
Antofagasta	690.5	-1.92

London stock exchange overview and stock pick of the day

Stocks were moving higher in the run-up to the US Federal Reserve's policy announcement on Wednesday afternoon, as some investors were expecting that policymakers might tone down their rhetoric a bit. FTSE 100 was trading around 47 points higher than Tuesday's close at 6,449.03 and now for upcoming session it is looking strong and bullish movement is expected on the charts any pullback between here and there should be a buying opportunity on a short-term chart. Crossing of the resistance level if 6500 it can show the level of 6600 & 6750 with the support of 6350.

TOP GAINER

Name	Close Price	Change %
Enterprise Inns	126	2.27
Sainsbury	250.6	2.16
Old Mutual	190	2.15
Tesco Plc	173.35	2.09
Imperial Tobacco	2645	2.04

TOP LOSER

Name	Close Price	Change %
Capita	1082	-6.48
Rio Tinto	2986	-1.22
Barclays	220.5	-1.12
Standard Chartered	989.35	-0.91
Whitebread	4286	-0.88

Stock pick of the day

 

RECOMMENDATION BUY

TARGET 1475

The primary trend of Close Brother Group Plc is sideways, From last week it is consolidating near to resistance level with positive bias. Stock is expected to be in a bullish trend for upcoming session as it has given the break out of 1410 and sustains above that after crossing of the strong resistance i.e. 1425 it can test the level of 1475 with the stop loss if 1404.

 

CHART FORMATION:-

Stock is trading with near to resistance level and consolidating with positive bias crossing of resistance can show northward journey.

Stock is sustaining above 50 DMA and 200 DMA with positive bias.

 

click to enlarge

INDICATORS:-

RSI is trading near to the level of 50 and showing consolidation , Breaching of the resistance level can manage to test the level of 70.

In ADX is trading above 25 level , Positive DI is placed above negative which is indicating strength for buying.

Macd & Signal line is trading above Zero level line which is indicating strength in the stock.