London
stocks finished with a small negative bias as traders waited to see
whether the Eurozone's finance ministers, which began their weekly
meeting in the afternoon, were able to reach an agreement that would
allow Greece to avert a financial crisis.
The
FTSE 100 ended the day lower by 16.47 points to 6857.05. If during
the day market is breaching the resistance level of 6890 on upside
after consolidation, then it can test the level of 6960 with the
support of 6840.
TOP GAINER
Name
|
Close
Price
|
Change
%
|
Tate
& Lyle
|
577
|
3.41
|
Antofagasta
|
750
|
2.6
|
Sabmiller
|
3523.5
|
1.91
|
Anglo
American
|
1220.5
|
1.33
|
BHP
Billiton
|
1589
|
1.27
|
TOP LOSER
Name
|
Close
Price
|
Change
%
|
Centrica
|
278.8
|
2.86
|
Capita
|
1135
|
1.99
|
SSE
|
1537
|
1.98
|
Astrazneca
|
4468.5
|
1.81
|
Enterprise
Inns
|
110.4
|
1.52
|
Stock pick of the Day : Wolseley Plc
RECOMMENDATION BUY
TARGET 3990
The Major trend of Wolseley Plc is sideways and it is showing
strength for buying. If it moves above the resistance then one can
initiate the long position in the stock. If it breaks the level of
3915 upside then it can show upside movement for the target of 3990
with the stop loss of 3860.
CHART FORMATION:-
Stock is trading near it's resistance and buying can be seen in the
chart. Crossing the resistance will lead to upside movement. Stock is
trading above the 50 & 200 DMA with positive bias.
INDICATORS:-
RSI is trading near to 52.70 level with positive bias, in upcoming
session upside movement is expected.
MACD and Signal line is sustaining above the zero level line.
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