Top Stock Picks for the Day : Morrison (WM) Super Markets Plc

Morrison (WM) Super Markets Plc

 

RECOMMENDATION BUY

TARGET 195

The Major trend of the top stock picks for today Morrison (WM) Super Markets 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 190 upside then it can show upside movement for the target of 195 with the stop loss of 186.

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CHART FORMATION:-

Stock is trading near its resistance and breaking above that trendline will lead to buying in the chart. Crossing the resistance will lead to upside movement. Stock is trading above the 50 & 200 DMA with positive bias.

Technical Chart

INDICATORS:-

RSI is trading near to 70.13 level with positive bias, in upcoming session upside movement is expected. Volume is also increasing as pattern is near its breakout.

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

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.

London stock exchange overview and stock pick of the day

Stocks were moving higher in the run-up to the US Federal Reserve's policy announcement on Wednesday afternoon, as some investors were expecting that policymakers might tone down their rhetoric a bit. FTSE 100 was trading around 47 points higher than Tuesday's close at 6,449.03 and now for upcoming session it is looking strong and bullish movement is expected on the charts any pullback between here and there should be a buying opportunity on a short-term chart. Crossing of the resistance level if 6500 it can show the level of 6600 & 6750 with the support of 6350.

TOP GAINER

Name	Close Price	Change %
Enterprise Inns	126	2.27
Sainsbury	250.6	2.16
Old Mutual	190	2.15
Tesco Plc	173.35	2.09
Imperial Tobacco	2645	2.04

TOP LOSER

Name	Close Price	Change %
Capita	1082	-6.48
Rio Tinto	2986	-1.22
Barclays	220.5	-1.12
Standard Chartered	989.35	-0.91
Whitebread	4286	-0.88

Stock pick of the day

 

RECOMMENDATION BUY

TARGET 1475

The primary trend of Close Brother Group Plc is sideways, From last week it is consolidating near to resistance level with positive bias. Stock is expected to be in a bullish trend for upcoming session as it has given the break out of 1410 and sustains above that after crossing of the strong resistance i.e. 1425 it can test the level of 1475 with the stop loss if 1404.

 

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 200 DMA with positive bias.

 

click to enlarge

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.

U.K. Stock pick of the day : Glaxosmithkline Plc

U.K. stock pick of the day

RECOMMENDATION BUY

TARGET 1500

The primary trend of Glaxosmithkline Plc is side ways and from last few trading session stock is showing strenght for buying and looking strong on charts.Stock is showing buying from dips and facing resistance from the falling trend line breaching of it can show upside movement .One can make a long position in the stock above the level of 1450 with sl of 1420 for the target of 1500.

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CHART FORMATION:-

Stock has managing to trade with positive bias and consolidating near to resistance level crossing of it can show northward journey.

It's 200 DMA has given the break out above 50 DMA which is indicating buying in the stock.

INDICATORS:-

RSI is trading above the level of 50 and forming downward channel , Breaching of the channel can manage to 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 lvel , Positive DI has given the break out above negative DI.

U.K. Stock pick of the day : Close Brothers Group

 

RECOMMENDATION BUY

TARGET

Close Brother Group Plc is looking strong on charts for buying .The over all trend of stock is Bullish and it is managing to trade with positive biasStock is strength as it's sustaing above both moving averages .In upcoming session it can show upside movement after crossing of the resistance level at 1390 it can test the level of 1490 with the stop loss at 1340.

 

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CHART FORMATION:-

Stock has managing to trade with positive bias and managing to sustain at higher crossing of resistance level it can show upside movement.

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 60 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.

Close Brother Group Plc : UK stock pick of the day

RECOMMENDATION : BUY

Close Brother Group Plc is looking strong on charts for buying .The over all trend of stock is Bullish and it is managing to trade with positive biasStock is strength as it's sustaing above both moving averages .In upcoming session it can show upside movement after crossing of the resistance level at 1390 it can test the level of 1490 with the stop loss at 1340.

 

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CHART FORMATION:-

Stock has managing to trade with positive bias and managing to sustain at higher crossing of resistance level it can show upside movement.

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 60 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.

UK stock Pick of the day : Fidessa Group Plc

UK Stock pick of the day

 

RECOMMENDATION BUY

Fidessa Group Plc is looking strong on charts for buying .The over all trend of stock is bearish and facing resistance from the falling trend line. Stock is managing to trade above golden break out so upside movement is expected.In upcoming session it can show upside movement after crossing of the resistance level at 2377 it can test the level of 2550 with the stop loss at 2270.

 

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CHART FORMATION:-

Stock has managing to trade with positive bias from last few trading session , facing resistance from trend line crossing of it can show upside movement.

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.

UK Stock pick of the day : Carillion plc

Stock pick of the day

RECOMMENDATION : Sell

TARGET 314

STOCK SUMMARY:

The major trend of Carillion plc Ord is sideways 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 328 for the target of 314 with stop loss of 335.

CHART FORMATION:-

Stock is looking weak on chart and forming symmetric triangle breaching of support level it can downside movement.

Stock is managing to trade below 50 DMA and 200 DMA , facing resistance from it's 50 DMA which is acting as good stop loss level at 335.

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.

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.

Stock Pick of the day : Amlin Plc

Stock pick of the day

 

RECOMMENDATION BUY

TARGET 464

Amlin Plc is consolidating near to resistance level.The major trend of stock is bearish and it's showing reversal in the stock as from last few trading session it's managing to trade in positive territory and gaining strength for buying by showing accumulation with good volumes.In near future crossing of the resistance level i.e. 452 it can show the tgt of 464 with stop loss at 445.

 

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CHART FORMATION:-

Stock has forming double bottom and showing trend reversal crossing of resistance level it can show the level of 464 as falling trendline will act as resistance level.

It's managing to trade above 50 DMA and facing resistance from 200DMA once can book profit till the 200 DMA.

INDICATORS:-

RSI is trading above the level of 50 and looking further bullish and facing resistance at 62 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

Stock pick of the day : Amlin Plc

Stock pick of the day : Amlin Plc

 

RECOMMENDATION BUY

TARGET 464

Amlin Plc is consolidating near to resistance level.The major trend of stock is bearish and it's showing reversal in the stock as from last few trading session it's managing to trade in positive territory and gaining strength for buying by showing accumulation with good volumes.In near future crossing of the resistance level i.e. 451 it can show the tgt of 464 with stop loss at 445.

CHART FORMATION:-

Stock has forming double bottom and showing trend reversal crossing of resistance level it can show the level of 464 as falling trendline will act as resistance level.

It's managing to trade above 50 DMA and facing resistance from 200DMA once can book profit till the 200 DMA.

INDICATORS:-

RSI is trading above the level of 50 and looking further bullish and facing resistance at 62 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.

UK Stock pick of the day : CSR Plc

RECOMMENDATION : BUY
 
TARGET     895
 
CSR Plc  is consolidating with support of falling trend line and managing to trade above 200 DMA & 50 DMA.The major trend of stock is bearish and it's showing reversal in the stock as from last few trading session it's managing to trade in positive territory and gaining strength for buying by showing accumulation with good volumes.In near future crossing of the resistance level i.e. 590 it can show the tgt of 660 with 50 DMA acting as good stop loss level at 550.

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CHART FORMATION:-
 
Stock has showing consolidation with support of the falling trend line, and forming flag pattern which is indicating crossing of  the neck line it can give tgt of pole
It's managing to trade above 50 DMA & 200 DMA which is indicating strength in the stock.

INDICATORS:-
 
RSI is trading above the level of 50 and looking further bullish and facing resistance at 60 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.

UK Stock pick of the day : Euro Money Institution Investment

UK Stock pick of the day

RECOMMENDATION : BUY

TARGET 895

Euro Money Instiution Invesment is consolidating with support of falling trend line and facing resistance of it's 200 DMA crossing of it can show upside movement .The major trend of stock is bearish and it's showing Bounce back from the bottom one can make long position with the strategy of buying from bottom .Stock has gaining strength for buying by showing accumulation with good volumes crossing of the resistance level i.e. 1115 it can show the tgt of 1200 with 50 DMA acting as good stop loss level at 1160.

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CHART FORMATION:-

Stock has showing consolidation with support of the falling trend line, crossing of it can show upside movement.

It's managing to trade above 50 DMA & facing resistance from 200 DMA i.e 1115 crossing of it can show the level of 1200.

INDICATORS:-

RSI is trading above the level of 50 and looking further bullish and facing resistance at 62 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 line with the positive bias.

DI has trading above 25 level, positive DI is about to give break out above negative DI which is indicating strength in the stock for buying.