UK Stock Market Overview Wednesday, October 21 2015

The UK Stock market declined on Tuesday as investors weighed remarks from the Bank of England's Ian McCafferty and US data.

McCafferty, who was the only member of the Monetary Policy Committed to vote for higher interest rates in the past three meetings, said that the BoE should begin raising rates now to ensure gradual and steady path.

The FTSE 100 ended the day in red by 8 points at 6345. In the day market, if cross the resistance level of 6450 on upside after consolidation, then it can test the level of 6550 and the immediate support level is 6300 .  

Stock to watch : BARCLAYS PLC

RECOMMENDATION SELL

TARGET 249

BARCLAYS PLC  is majorly showing strength for selling. If it breaks the support level then one can initiate selling position in the stock. If it breaks the level of 252 then it can test support level for the target of 249 with the stop loss of 255.

CHART FORMATION:-

Stock is trading in a range and trading near the trend line. Breaking the support line will lead to downside movement. Stock is trading below the 50 DMA with negative bias.

INDICATORS:-

RSI is trading near to 43 levels with negative bias, in upcoming session downside movement is expected.

MACD and Signal line is sustained below the zero level line.

London Stock Market Overview Monday, March 30 2015

UK Stock Market Overview

London stocks fall on the fourth day consecutively as a sell-off in iron ore and a stronger dollar hit share prices in the mining sector. In economic data, a Nationwide survey showed the annual growth in UK house prices slowed to an 18-month low of 5.1% in March. Meanwhile, the final estimate of fourth-quarter annualized US economic growth was confirmed at 2.2%, in line with initial estimates but down from 5% in the third quarter.

The FTSE 100 index ended the session down by 0.58 % at 6855.02, as it is not able to sustain above the 7000 level mark. If during the day market is breaching the support level of 6830 on downside after consolidation, then it can test the level of 6770 with the reistance of 6880.

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TOP GAINER

Name	Close Price	Change %
CARNIVAL	3241	7.18
INTERCONT HOTELS	2640	2.76
SHIRE	5425	2.17
SABMILLER	3613	1.43
MAN GROUP	203.6	1.24

TOP LOSER

Name	Close Price	Change %
ANGLO AMERICAN	1044	3.02
HAYS	151.2	2.64
RIO TINTO	2809.5	2.35
BARCLAYS	244.25	2.3
BHP BILLITON	1507.5	2.27

London Stock Market Technical Analysis & Predictions for Wednesday, March 11 2015

 

London stock market fall after stronger US dollar and falling commodity prices led the London stock market to drag the heavyweight energy and mining sectors stocks. Eurozone creditors have put more pressure on Greece to implement reforms to unleash aid and avoid bankruptcy. The Eurogroup ended discussions about Greece on Monday after about an hour in Brussels, as Greek finance minister Yannis Varoufakis was told to map out a realistic programme of fiscal reforms.

The FTSE 100 index fell 2.5% to 6702.84 till the end of the day, with ongoing concerns about Greece further weighing on sentiment. If during the day market is breaching the support level of 6680 on downside after consolidation, then it can test the level of 6620 with the resistance of 6720.

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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.

Travel and Retail sector jumped, UK Market ended flat.

A slight recovery in oil prices wasn't enough to ease the pressure on the energy sector on Friday, though stocks in London erased losses by the end of trade as shares in the travel and retail sectors jumped. London's FTSE 100, which hit a low of 6,667.08 in morning trade, finished more or less flat, falling just 0.01%to 6,722.62. The FTSE fell during most of the week, but found enough support near the 6675 level to turn things back . It is expected that market will go to 6900 level, which proving to be major resistance level with the support of 6400 level.

TOP GAINER

Name	Close Price	Change %
Carnival	2820	4.56
Kingfisher	312	3.41
Dly Mail & Gen Tst A	842	3.31
Vodafone Group	233.95	2.9
Imperial Tobacco	2960	2.46

TOP LOSER

Name	Close Price	Change %
Bg Group	902.4	-8.55
Bhp Billiton	1517	-3.19
Anglo American	1321.5	-2.26
Smith Group	1157	-2.12
Rolls-Royce Hldgs	842.5	-2.03

Drax Group Plc Ord

Technical Chart

RECOMMENDATION BUY

TARGET 652

The major trend of Drax Group Plc is bearish but it is showing strenght for upside and from last few trading it is not managing to sustain at lower level and closing with positive bias.For upcoming session stock looking strong on charts and facing resistance from 200 DMA crossing of it i.e. 612 show the level of 652 with stop loss of 599.

CHART FORMATION:-

Stock has looking strong on charts and forming flag pattern crossing of the neckline can give the target of pole.

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

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.

London Stock Market Overview and Stock Pick

The FTSE 100 Index closed 16.09 points to the good at 6567.24. In economic news, September German trade data improved with an increase in Berlin's current account balance to €22.3bn compared with €10.3bn in August.The FTSE showed upside movement through out the week but at the end of session showed profit booking.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.For upcoming session if Index can give break out above the 6600 level on daily charts , it can test the level of 6900 with the support of 6400 .

TOP GAINER

Name	Close Price	Change %
Bhp Billiton	1676	2.95
Anglo American	1364.5	2.67
Capita	1103	2.51
Rio Tinto	3039	2.41
Bg Group	1049.5	2.34

TOP LOSER

Name	Close Price	Change %
Rentokil Initial	116	-5
Rsa Insur Grp	446.2	-3.02
Morrison Supermkts	168.4	-2.38
Man Group	129.3	-1.97
Royal Bk Scotl Gr	374.9	-1.52

Stock Pick of the day : Essentra Plc

RECOMMENDATION Sell

TARGET 653

STOCK SUMMARY:

The short term trend of Essntra Plc is b but from last few trading session it's showing selling pressure and not managing to sustain at higher level. Stock is facing support from the rising trend line and consolidating near to it, breaching of it can show downside movement.One can initiate the short position in the stock below the level of 693 for the target of 653 with stop loss of 620.

CHART FORMATION:-

Stock is looking weak on chart and forming rising wedge pattern .Breaching of the wedge pattern can show downside movement.

Stock is managing to trade below 50 DMA and facing support from 200 DMA Breaching of it can show downside movement.

Technical Chart

INDICATORS:-

RSI is trading below the level of 50 with negative bias & given the break out of rising trnd line which indicating the down side movement in the stock.

In ADX , Negative DI has given the break out of positive DI which is indicating weakness in current trend.

Slow line has given the break out above fast level line with negative bias and about to give break out below zero level which showing selling pressure 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

FTSE overview

 

U.K. stock market ended Tuesday's session on an upbeat note thanks to a strong performance by the mining sector and a level of stability not seen on markets for several weeks. FTSE 100 opened on flat note and showed straight upside rally and manages to closed above 6400 level. The US central bank is also forecast to keep interest rates unchanged Which give strong signal and it traded with positive bias.Technically Index is looking strong as RSI is sustain above 50 level and it is trading above 50 DMA and facing resistance from 200 DMA crossing of it can show upside movement.Index is facing resistance at 6450 level if it manages to consolidate above 6400 level it can test the level of 6600 & 6750 with the support of 6300.

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TOP GAINER

Name	Close Price	Change %
Smith & Nephew	1013	3.58
Anglo American	1344.5	3.7
Antofagasta	702	3.46
Vodafone Group	203.55	2.96
Aviva	518	2.37

TOP LOSER

Name	Close Price	Change %
Standard Chartered	998.4	-8.2
Lloyds Banking Grp	73.5	-2.44
Bg Group	1026	-1.63
Glaxosmithkline	1386.5	-0.89
Schroders Nvtg	1830	-0.81