FTSE Overview as on Friday, January 30 2015 and future Predictions

UK stocks closes negative after market digested global economic data and political developments in Greece. FOMC also said on Wednesday evening that they would remain “patient” about the timing of the first interest rate hike. The FTSE 100 close at 6811, down 0.2% on the day with energy sector providing a drag after oil major Royal Dutch shell published quarterly result below expectations. There is strong resistance at 6870 level and during the day if market is breaching the level of 6870 on upside, then it can test the level of 6960 with the support of 6800.

TOP GAINER

Name	Close Price	Change %
Diageo	2022.50	3.08
Marks & Spencer	487.80	2.14
Imperial Tobacco	3160	2.03
Unilever	2952	1.90
Reckitt Benck Grp	5720	1.78

TOP LOSER

Name	Close Price	Change %
Enterprise Inns	104.70	3.59
Antofagasta	655	2.75
Johnson Matthey Plc	3297	2.60
Carnival	3000	2.22
BG Group	880.90	1.88

UK Stocks Overview as on Wednesday, January 28 2015

 

UK stocks falls after figure shown that economic growth slowed to just 0.5% in fourth quarter of 2014 due to contractions in construction and production. The FTSE 100 fell 0.6% to 6811.61. Market falls from its highest level in four and a half months. There is strong resistance at 6920 level and during the day if market is breaching the level of 6835 then it can test the level of 6920 with the support of 6720.

TOP GAINER

Name	Close Price	Change %
Centrica	282.70	4.16
SSE	1545	1.91
United Utilities GR	1015	1.70
BP	445.68	1.52
Sage Grp	484	0.83

TOP LOSER

Name	Close Price	Change %
Rolls-Royse Hldgs	879	2.66
ITV	225.90	2.5
Anglo American	1090	2.46
Johnson Matthey Plc	3497	2.02
Pearson	1321	1.86

UK Stock Market Updates as on Wednesday, January 21 2015

Stocks ended the session with modest gains on the heels of better-than-expected growth figures in China.The FTSE 100 gained 34.57 points to finish the day at 6,629.The FTSE has broke higher during the course of the day on Monday, testing the 6600 level area. There is strong resistance at 6650 level crossing of it can show northward journey and can test the level of 6800 with the support of 6400.Any short term correction will be buying opportunity, as index is sustaining above the 60 RSI with positive bias.

TOP GAINER

Name	Close Price	Change %
Wolseley	3759	3.43
Royal Bk Scotl gR	380.5	3.12
Anglo American	1121.5	2.94
Kingfisher	336.5	2.68
Rolls-Royce Hldgs	882.5	1.5

NZD/USD Forex Market Report

NZD/USD

 

The NZD/USD is in consolidation phase. It is sustaining below the falling trend line with a positive bias. The pair is showing strength in buying side & consolidating on higher levels, gaining strength for breaking upside. If NZD/USD breaks the level of 0.7800 at upside & sustains above it then we can expect it to test the level of 0.7830/0.7850 in today's session. RSI is also sustaining in buying territory & indicating to continue its ongoing trend for this week also.

In MACD , MACD line is sustaining above the zero line & supporting the upside movement for next few sessions.

 

Technical Chart

STRATEGY :- NZD/USD is successfully sustaining on higher level & looking further bullish on charts. One can go for buy on dips strategy for this pair for intra day to mid term positions.

UK Stock Market Analysis and Stock Pick of the Day

MARKET OVERVIEW

Weakness in the resource sectors limited gains in London on Monday, though equity markets still managed to register their fifth straight day of gains as investors readied themselves for the Christmas break.The FTSE 100 finished 0.5%higher at 6,577, but pulled back after reaching a high of 6,620.95 earlier on. It has not exceeded this level since 8 December when it closed at 6,672.15.The FTSE has rally during the session on Monday, but turned back around as the 6600 level is far too much in the way resistive.Market can show short term correction any pull back rally will be buying opportunity and market can be headed towards 6900 levels.

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TOP GAINER

Name	Close Price	Change %
Enterprise Inns	110	2.8
Compass Group	1107	1.93
Bae Systems	471.3	1.86
Kingfisher	330.1	1.82
Johnson Matthey	3410	1.76

TOP LOSER

Name	Close Price	Change %
Tesco Plc	181	-2.37
Bg Group	886.1	-1.69
Anglo American	1173.5	-1.63
Rsa Insur Grp	445.2	-0.98
Antofasta	738.5	-0.81

UK Stock Pick of the Day : WH Smith Plc Ord 

 

RECOMMENDATION BUY

TARGET 1430

The Major trend of WH Smith Plc Ord is bullish and it's consolidating near to resistance level at higher level with positive bias can show northward journey .One can initiate long position in the stock above the level of 1340 with the stop loss of 1290 for the target of 1430.

CHART FORMATION:-

Stock is showing consolidation at higher level crossing of resistance level can show upside movement

It's trading above 50 & 200 DMA with positive bias.

INDICATORS:-

RSI is trading above the level of 50 and showing consolidation , Breaching of the resistance level can manage to test further high.

MACD and Signal line is manages to give break out above zero level line sustaining above it can sjow upside movement.

GBPUSD Technical Report and Signal for Thursday, December 11 2014

Technical Report

SUMMARY:

The secondary trend of GBP/USD is bearish, it is sustaining below the falling trend line & expected to give breakout at upside. Prices are taking support of 200 SMA & 30 DMA , consolidating with a positive bias. 1.5770 is a important level and breaching of it can show upside movement to the levels of 1.5820. MACD line is sustaining above the zero line, which is also indicating the positive sentiment in the market. RSI is also supporting the same. 

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STRATEGY:- 

For Today, GBP/USD is looking strong on chart. We can expect positive side movement for this session. One can go for buy on dips strategy for this pair for intra day to mid term positions.

Technical Chart

 

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.2300	1.2330	1.2389	1.2419	1.2478	1.2508	1.2567
GBP/USD	1.5591	1.5618	1.5667	1.5694	1.5743	1.5770	1.5819
USD/JPY	114.83	116.27	117.04	118.48	119.25	120.69	121.46
USD/CHF	0.9578	0.9619	0.9642	0.9683	0.9706	0.9747	0.9770
AUD/USD	0.8183	0.8222	0.8269	0.8308	0.8355	0.8394	0.8441
EUR/GBP	0.7852	0.7867	0.7894	0.7909	0.7936	0.7951	0.7978
USD/CAD	1.1368	1.1399	1.1441	1.1472	1.1514	1.1545	1.1587
NZD/USD	0.7529	0.7594	0.7703	0.7768	0.7877	0.7942	0.8051

UK Stock Market Technical Analysis

British banks were in the money on Friday as positive job news across the Pond revived the prospect of a US rate hike in 2015. The FTSE fell initially during the course of the week, but found enough support near the 6650 level to turn things back and closed on positive note at 6742 .The market is facing resistance from the level of 6780 and any pull back is a buying opportunity.As index is forming strong pattern for further buying, crossing of resistance level can test the level of 6900 with the support of 6600.

TOP GAINER

Name	Close Price	Change %
Kingfisher	328.2	3.21
Vodafone Group	230.6	3.11
Schroders Nvtg	2171	3.04
Barclays	249.45	2.8
Carnival	2805	2.75

TOP LOSER

Name	Close Price	Change %
Bhp Bhilliton	1474	-1.73
Bg Group	907.5	-1.7
Next	6655	-1.48
Rio Tinto	2898	-1.21
Anglo American	1268	-1.21

Fidelity European Value Plc

Technical Chart

RECOMMENDATION BUY

TARGET 170

The major trend of Fidelity European Value Plc is bullish and it is showing strenght for upside and manages to sustain above the trend line.For upcoming session stock is looking strong on charts and facing resistance from l65 level crossing of it can show upside movement and can test the level of 170 with stop loss of 160.

CHART FORMATION:-

Stock has looking strong on charts and Flag pattern crossing of neck line can show upside movement.

It's trading above the 50 DMA and200 DMA crossing with 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 trading above Zero level line with positive bias.