MARKET
OVERVIEW
UK
stock markets closed in the red for the first time in six days on
Thursday after another Euro group meeting failed to result in a deal
for Greece, leaving Athens one step closer to defaulting on its debts
The
FTSE 100 ended the day in red by 36.98 points at 6807.82 If during
the day market breaches the support level of 6750 on the downside
after consolidation, then it can test the level of 6700 and the
immediate resistance level is 6850.
SABMILLER PLC
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| UK Stock Pick of the Day |
RECOMMENDATION BUY
TARGET 3475
The Major trend of SABMILLER PLC it is showing strength for buying
.If it breaks the resistance level then one can initiate the buying
position in the stock. If it breaks the level of 3445 then it can
test resistance level for the target of 3475 with the stop loss of
3415
CHART FORMATION:-
Stock is trading in a range and trading near the trendline. Breaking
the resistance line will lead to upside movement. Stock is trading
above the 50 DMA with positive bias.
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| Technical Chart |
INDICATORS:-
RSI is trading near to 62.29 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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