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.

UK Stock Market Last Session's Overview

London Stock Exchange

London shares closed comfortably in positive territory on Tuesday on upbeat economic news and strong corporate results.The FTSE 100 Index closed 37.16 points ahead at 6709.13 as UK house prices reached a new high in September, according to data from the Office of National Statistics (ONS). The FTSE as you can see broke higher during the course of the day on Tuesday, breaking the level of 6700 For upcoming Session market is bullish, and short term correction is expected. It can go higher and probably aim for the 6900 level,with the support of 6600 .

TOP GAINER

Name	Close Price	Change %
Tullow Oil	475	3.01
British Sky Broadcasting Group	890	2.52
Randgold Resources Ltd	4428	2.44
Sports Direct International	651	2.32
Burberry Group	1586	2.07

TOP LOSER

Name	Close Price	Change %
Rio Tinto	3004	-1.77
Reckitt Benckiser Group	5230	-1.69
Ashtead Group	1048	-1.6
Standard Chartered	924.2	-1.29
Easy Jet	1525	-1.23

   Stock pick of the day : Tesco Plc

RECOMMENDATION BUY

TARGET 210

The primary trend of Tesco Plc is bearish 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 198 it can show fresh buying .One can initiate long position in the stock above the level of 198 with the stop loss of 194 for the target of 210.

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 &facing resistance from 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.

U.K. Stock Market News, Stocks Technical Analysis and Predictions

London Stocks Update

 

U.K. Stock Market Last Session 

News of a big fine in the banking sector and gloomy comments from the Bank of England (BoE) weighed on UK equities on Wednesday, with London's stock market finishing lower for the first time in six sessions. 

A weak start on Wall Street was also pressuring stocks as the benchmark S&P 500 and Dow Jones indices pulled back from record highs. 

The UK's FTSE 100 closed down 0.25 at 6,611. A five-day winning streak had sent the index to 6,627.4 by the end of trade on Tuesday, its highest finish since 29 September. 

Next Session Predictions

For upcoming session if index manages to consolidate above 6600 level crossing of 6650 level it can show upside movement till 6900 with the support of 6400.

TOP GAINER

Name	Close Price	Change %
Anglo American	1364.5	1.68
Vodafone Group	221.99	1.35
Antofagasta	720.5	1.26
Tate & Lyle	636.5	1.19
Rio Tinto	3021	1.17

TOP LOSER

Name	Close Price	Change %
Capita	1048	-6.51
Sse	1536	-2.74
Barclays	229.5	-2.17
Centrica	297	-1.88
Tesco Plc	191.45	-1.8

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

UK stock pick of the day : Victrex Plc Ord

FTSE stock pick of the day

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.

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.

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.