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.
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