UK stock market insights

United Kingdom stocks closed lower on Monday, with banks and mining stocks providing a drag in the aftermath of the results of the latest EU bank stress tests and alongside a weak reading on German business confidence. The FTSE closed down 24.92 points at 6,363.81 after falling early on. FTSE 100 opened on positive note and made an intraday high at 6443, later on it showed down side movement and made a low at 6336 but manage to close on moderate loss. For upcoming session it can trade in a range of 6450-6300 , if it sustain above 6300 level and crossing of 6450 level it can test the level 6600.

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TOP GAINERS

Name	Close Price	Change %
Intercont Hotels	2268	2.3
Reed Elsevier Plc	993.5	1.58
Sabmiller	3398.5	1.22
Astrazeneca	240.4	0.92
Unilever	2431	0.91

 

TOP LOSERS

Name	Close Price	Change %
Smith Group	11118	-2.95
Antofagasta	678.5	-2.09
Barclays	221.35	-2.21
Rolls-royce Hldgs	777.5	-2.2
Lloyd Banking Group	75.34	-1.8

FTSE stock pick of the day : Victrex Plc Ord

FTSE stock pick of the day : Victrex Plc Ord

RECOMMENDATION BUY

TARGET 1740

The primary trend of Victrex Plc Ord is Bearish and from last few trading session stock is showing strength for buying and looking strong on charts. Stock is facing support from the level 1580 sustaining above that can show northward journey.One can initiate the long position in the stock above the level of 1640 with Sl 1580 for the target 1740.

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CHART FORMATION:-

Stock is trading with support of falling trend line and facing resistance from the level of 1640 crossing of it can show northward journey.

Stock is sustaining above 50 DMA and facing support from 200 DMA crossing of it can show upside movement

Technical Chart

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 , Positive DI is placed above negative with positive bias.

Macd & Signal line is trading above Zero level line which is indicating strength in the stock.

LSE stock pick of the day : National Grid Plc Ord

LSE stock pick of the day

RECOMMENDATION Sell

TARGET 840

The secondary trend of National Grid Plc  is Bullish and from last few trading session it's showing selling pressure and did not manages to sustain at higher level.Stock is facing support at the level of 869, breaching of it can show side movement one can initiates the short position in the stock below the level of 869 with Stop loss of 885 for the target of 840.

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CHART FORMATION:-

Stock is consolidating with negative bias breaching of the support level can show the down side movement.

It's 50 DMA has given the breack out below it's 200 DMA with negative bias , it is trading below both the moving averages which is indicating selling pressure in the stock.

Technical Chart

INDICATORS:-

RSI is trading below the level of 50 and consolidating with negative bias.

MACD & Signal line is manages to sustain below zero level line with negative bias.

ADX, Negative DI is sustaining above the positive DI which is indicating weakness in the stock.

Stock pick of the day : Betfair Group Plc

 

Stock pick of the day : Betfair Group Plc

RECOMMENDATION BUY

 

TARGET 1144

Betfair Group Plc is looking strong on charts for buying .The over all trend of stock is bullish and it has manages to give the break out above the trend line and sustain above that with positive bias.In upcoming session it can show upside movement after crossing of the resistance level at 1101 it can test the level of 1144 with the stop loss at 1080.

 

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CHART FORMATION:-

Stock has given the break out of trend line and forming flag pattern which is continuation pattern crossing of the neck line it can give the target of pole.i.e 1144.

It's managing to trade above 50 DMA and 200 DMA with positive bias.

INDICATORS:-

RSI is trading above the level of 50 and looking further bullish and facing resistance at 57 crossing of it can test the level of 70.

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

ADX is trading above 25 level, Positive Di has given the break out above negative DI which is indicating upside movement.