UK Stock Market Overview as on Monday, February 16 2015

MARKET OVERVIEW

 

UK Stock Exchange

London stock market was at the greener side on Friday after gains in commodity prices and Brent oil touching the prices of $60 a barrel first time this year. Also on other side hopes increased that Europe can come to an agreement over the future of Greece.

The FTSE 100 rose 0.7% to 6873.52 by the end of trade, its best finish since early September 2014. 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.

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TOP GAINER

Name	Close Price	Change %
BHP Billiton	1569	4.98
Glaxosmithkline	1553	4.54
Rolls-Royce Hldgs	944.5	4.36
BG Group	974.8	4.32
Rio Tinto	3151.5	3.68

TOP LOSER

Name	Close Price	Change %
BT Group	439.1	2.42
Carnival	2900	2.13
Associat Brit Foods	2905	2.06
SSE	1568	2.00
United Utilities Gr	954	1.95

London Stock Exchange Overview and Next Session Predictions

MARKET OVERVIEW

UK stocks falls after stronger U.S data and jump in oil prices. In first part of the day stock had started on the back foot after figures showed that the overall UK trade deficit unexpectedly widened from £1.8bn in November to £2.9bn in December, missing analysts' forecasts for a fall to £1.7bn.

The FTSE 100 finished the day in red with down 0.2% at 6853, as mining stocks tracked metal prices lower. 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 %
Barclays	257.57	2.72
William Hill	388.9	1.89
Schroders	2965	1.72
Royal Bk Scotl GR	383.9	1.64
Aviva	537	1.42

TOP LOSER

Name	Close Price	Change %
Tate & Lyle	573.5	13.69
BG Group	932.7	2.31
Anglo American	1145.5	2.26
BHP Billiton	1505	2.15
Rexam	527.5	1.95

Stock pick of the Day : Aviva Plc

RECOMMENDATION BUY

TARGET 552

The Major trend of Aviva 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 542 upside then it can show upside movement for the target of 552 with the stop loss of 536.

CHART FORMATION:-

Stock is forming Bullish Flag 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.

INDICATORS:-

RSI is trading near to 63.74 level with positive bias, in upcoming session upside movement is expected. Volume is also on higher side only.

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

FTSE yesterdays overview

UK stocks ended the final session of the week with a modest rise, although on the week the index was significantly lower.The FTSE 100 closed 9.68 points higher at 6,649.39.The FTSE fell during the course of the week , testing the 6600 level. In upcoming session it is looking weak on charts as it is not managing to sustain at higher level and facing selling from the top.RSI is also sustain below the level 50 with confirming the weakness in the index and it's trading below 50 DMA & 200 DMA breaching of 6600 level it can test the level of 6500,6400 with resistance of 6750.

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TOP GAINER

Name	Close Price	Change %
Brit Land Co Reit	707.5	2.31
Schroders Nvtg	1887	1.51
Shire	5355	2.19
Aviva	533	1.62
Reckitt Benck Grp	5335	1.52

TOP LOSER

Name	Close Price	Change %
Sainsbury	250.9	-2.75
Imperial Tobacco	2651	-1.63
Morrison Supermkts	171.7	-1.38
Bg Group	1130	-0.75
Enterprise Inns	119.4	-0.75

FTSE yesterday's overview

U.K Stock market Overview

 

The FTSE is holding slightly lower come midday with traders focusing on the ever present risk of something going amiss in a conflict and a weak reading on German business confidence weighing on sentiment.Over night the US and its allies carried out a first wave of air strikes against IS targets in Syria. FTSE100 opened on negative note but in first half of trading session it consolidate and in later half it showed upside movement and manages to close above 6700 level in upcoming session upside movement is expected , consolidating above the 6700 and crossing the 6750 level it can test the level 6900 with support of 6600.

TOP GAINER

Name	Close Price	Change %
Fresnillo	779.5	2.7
Vodafone Group	201.9	1.64
Kingfidher	315.8	1.41
Rio Tinto	3146	1.22
Sse	1525	1.06

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TOP LOSER

Name	Close Price	Change %
Centrica	306.4	-2.54
Royal MAtl	416.3	-1.84
Aviva	521.5	-1.51
Old Mutual PLc	185.7	-1.49
Associated British Foods	2852	-1.41

Top Gainers and losers of UK stock market

Top gainers and losers of UK stock market

 

TOP GAINER

Name	Close Price	Change %
Enterprise Inns	125.81	2.79
Barclays	228.1	2.59
Dly Mail & Gen Tst A	891	2.12
Bg Group	1232.5	2.03
Schroders Nvtg	1931.9	1.79

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TOP LOSER

Name	Close Price	Change %
Bhp Billiton	1891	-1.51
Rolls-Royce Hlngs	1024	-0.68
Royal Bk Scotl Gr	349.45	-0.59
3I Group	1103	-0.51
Sse	1488	-0.45

Top gainers and losers of U.K. Stock market

Top gainers and losers of U.K. stock market

 

TOP GAINER

Name	Close Price	Change %
Anglo American	1562	2.53
Tesco Plc	230.9	2.37
Tate & Lyle	694.5	2.13
Man Group	120.5	2.03
Aviva	526	1.94

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TOP LOSER

Name	Close Price	Change %
Royal Bk Scotl Gr	351.5	-2.44
Enterprise Inns	122.4	-1.84
Sse	1494	-1.65
Hays	132.9	-1.56
Lloyds Banking Grp	74.85	-1.36

Stock pick for tomorrow

Stock : Diageo Plc

RECOMMENDATION : BUY

TARGET 1855

Diageo Plc is looking good for buying ,the major trend of stock is bearish but it's showing accumulation from bottom and gaining strength for buying. Stock is facing resistance from 89 EMA breaching of it can show upside movement.Stock is shoeing bounce from bottom if it manages to consolidate near to the resistance level One can initiate the long position in the stock above the level of 1785 with stop loss of 1745 for the target of 1855.

CHART FORMATION:-

Stock is forming falling channel and breaching of it can show upside movement in the stock.

It's managing facing resistance from 89 EMA crossing of it can test the level of 200 DMA at 1819.

INDICATORS:-

RSI has shown bounce back from 30 level and consolidating near to 45 level with positive bias ,in upcoming session crossing of 50 level it can test the level of 70.

Fast line has given the break out above slow line and it's about give the break above above zero level line.

In Stochastic , K% is trading above D% which is showing strength for buying in the stock.