UK Stock Market last Session's Updates

London Stock Exchange

 

London stocks close flat after investors book profit with Index eases from all time high as markets reviewed positive flow regarding Greece. Greece confirmed on Wednesday that it will request a six-month extension "loan agreement" with its European creditors, but is not willing to continue on the same terms as its existing bailout agreement.

The FTSE 100 hit 15- year high on Wednesday and ended the session down just 0.05 points at 6898.08, retreating after hitting an intra-day high of 6,921.32. If during the day market is breaching the resistance level of 6930 on upside after consolidation, then it can test the level of 7010 with the support of 6880.

Get Stock Picks on Phone

TOP GAINER

Name	Close Price	Change %
Royal BK Scotl GR	396.5	2.59
Enterprise Inns	112.3	2.18
WPP	1482	2.14
Standard Chartered	966	2.10
Anglo American	1259	1.94

TOP LOSER

Name	Close Price	Change %
Vodafone Group	225.45	2.51
Brit Land Co Reit	811.5	2.23
Rexam	537	2.01
Land Sec Reit	1223	1.85
Shire	5100	1.64

London Stock Pick for Tuesday, February 10 2015

Jupiter Fund Management Plc

RECOMMENDATION BUY

TARGET 396

The Major trend of Jupiter Fund Management 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 386.50 upside then it can show upside movement for the target of 396 with the stop loss of 378.

Get Daily Stock Picks on your Phone Register Now for a FREE Trial

 

CHART FORMATION:-

Stock is expecting for breakout of level line and buying can be seen in the chart. Crossing the resistance will lead to upside movement. Stock is trading above the 200 & 50 DMA with positive bias.

Technical Chart

INDICATORS:-

RSI is trading near to 62.21 level with positive bias, in upcoming session upside movement is expected.

MACD and Signal line is sustaining above the zero level line.

UK Stock Market Technical Analysis

British banks were in the money on Friday as positive job news across the Pond revived the prospect of a US rate hike in 2015. The FTSE fell initially during the course of the week, but found enough support near the 6650 level to turn things back and closed on positive note at 6742 .The market is facing resistance from the level of 6780 and any pull back is a buying opportunity.As index is forming strong pattern for further buying, crossing of resistance level can test the level of 6900 with the support of 6600.

TOP GAINER

Name	Close Price	Change %
Kingfisher	328.2	3.21
Vodafone Group	230.6	3.11
Schroders Nvtg	2171	3.04
Barclays	249.45	2.8
Carnival	2805	2.75

TOP LOSER

Name	Close Price	Change %
Bhp Bhilliton	1474	-1.73
Bg Group	907.5	-1.7
Next	6655	-1.48
Rio Tinto	2898	-1.21
Anglo American	1268	-1.21

Fidelity European Value Plc

Technical Chart

RECOMMENDATION BUY

TARGET 170

The major trend of Fidelity European Value Plc is bullish and it is showing strenght for upside and manages to sustain above the trend line.For upcoming session stock is looking strong on charts and facing resistance from l65 level crossing of it can show upside movement and can test the level of 170 with stop loss of 160.

CHART FORMATION:-

Stock has looking strong on charts and Flag pattern crossing of neck line can show upside movement.

It's trading above the 50 DMA and200 DMA crossing with positive bias.

INDICATORS:-

RSI is trading above the 50 level and showing consolidation , crossing of 60 level it can test the level of 70.

Macd & Signal line is trading above Zero level line with positive bias.

UK Stock Pick of the Day and its Technical Analysis

Stock of the Day

RECOMMENDATION BUY

TARGET 2675

The primary trend of Unilever Plc is side ways and it's consolidating near to resistance level crossing of the resistance can show northward journey .Stock has shown recovery from the bottom and manages show positive bias from last few trading sessions.One can initiates the long position in the stock above the level of 2575 with the stop loss of 2525 for the target of 2675.

CHART FORMATION:-

Stock is showing consolidation and sustain at higher level with positive bias.

It's trading above 50 DMA and facing resistance from 200 DMA crossing above it can show upside movement

Technical chart

INDICATORS:-

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

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.