FTSE Overview and Stock Pick of the Day

The London market moved higher on Monday as the prospect of a boost for the European economy helped make up for dismal economic news from Japan.The FTSE 100 Index gained 17.6 points to 6671.97 after European Central Bank president Mario Draghi hinted that quantitative easing could be on the cards to boost the lacklustre Eurozone economy.The FTSE initially fell during the course of the session on Monday, but found enough support just above the 6600 level to bounce Index is looking further strong for upcommings session and sustaining above 6600 level it can test 6900 level with support of 6400 level.

TOP GAINER

Name	Close Price	Change %
Vodafone Group	229.15	1.71
United utilities Gr	886.5	1.49
Pearson	1228	1.4
Brit Amer Tobacco	3707	1.33
Anglo American	1372	1.29

TOP LOSER

Name	Close Price	Change %
Standard Chartered	936.3
Hays	125.2
Enterprise Inns	0
Sainsbury
Astrazeneca

Stock pick of the Day : Severn Trent Plc

RECOMMENDATION BUY

TARGET 2095

The primary trend of Severn Trent Plc is bullish and it's consolidating near to resistance level crossing of the resistance can show northward journey. Stock is sustaining above the trend line with positive bias, crossing of the psychological level of 2000 it can show fresh buying. One can initiate long position in the stock above the level of 2000 with the stop loss of 1949 for the target of 2095.

CHART FORMATION:-

Stock has given the break out of falling trend line and forming bullish pattern breaching of the level 2000 it can show upside movement.

It's trading above the 50 DMA & 200 DMA with the 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 about to give break out above Zero level line which is indicating strength in the stock.

London Stock Market Overview

U.K. Stock Market Insights

 

U.K. equity market ended the session on a high, helped by gains across the Pond and hopes of stimulus from China following the weekend's data. The FTSE 100 climbed 44.01 points to end the day at 6,611.25. In London, the stock market was drawn to the psychological 6,600 mark as trading volumes are as thin as news flows, the FTSE showed upside movement and closed at higher level. RSI is managing to trade above 50 level and In ADX is trading above 25 level with positive DI has given break out above negative DI with positive bias. As FTSE has given the break out 6600 and closed above it in upcoming session it can test the level of 6900 with the support of 6400.

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TOP GAINER

Name	Close Price	Change %
Tesco Plc	192.9	4.58
Man Group	133.4	3.17
Tate & Lyle	628	2.95
Rsa Insur Grp	456.8	2.35
Marks & Spencers	477.1	2.34

TOP LOSER

Name	Close Price	Change %
Sainsbury	253.78	-2.99
Centrica	299.8	-0.79
Rio Tinto	3020.5	-0.61
Bp	438.9	-0.54
Sse	1561	-0.51

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.

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

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