UK MARKET OVERVIEW : 21 MAY

UK MARKET OVERVIEW:

European shares inched lower on Tuesday, held back by Vodafone after the world's second-largest mobile network operator reported 6.6 billion pounds ($11 billion) in impairment costs. UK consumer price inflation (CPI), which climbed 0.2 percentage points in April to 1.8% year-on-year. The FTSE opened on flat note , In first half it tried to show upside movement and made a high at 6851 but in second half it did not manages to sustain at higher level and showed negative movement and test the support level of 6800 and made intra day low at 6793.In upcoming session if it manages to trade below the support level of 6800 and breaching of 6760 level it can show short term correction & can test the level of 6715.

#RSI is trading below the level of 50 with negative bias and consolidating near to 40 level breaching of it can test the level of 30.

Fresnillo Plc

RECOMMENDATION Sell RSI is trading below the level of 50 with negative bias and

consolidating near to 40 level breaching of it can test the level of 30.

MACD & Signal line are given the break out below the zero level line ,negative movement is expected

In stochastic K% is manages to trade below D% with negative bias.

TARGET 801

INDICATORS:-

RSI is trading below the level of 50 with negative bias and consolidating near to 40 level breaching of it can test the level of 30.

MACD & Signal line are given the break out below the zero level line ,negative movement is expected

In stochastic K% is manages to trade below D% with negative bias.