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Wednesday 9 July 2014

The UK's biggest 100 stocks took a significant hit in today's session


UK MARKET OVERVIEW
The UK's biggest 100 stocks took a significant hit in today's session, weighed down by an unexpected drop in industrial production, a decline among airlines and cautious trading ahead of the release of minutes from the latest Federal Reserve meeting .The FTSE 100 showed negative movement continuously second trading day and  closed down 85.06 points at 6,738.4.In upcoming session 6700 level is acting as good support level if it manages to consolidate and formed supportive candle it can show upside movement can test the level of 6900 .
TOP GAINER
Name
Close Price
Change %
Prudential
1380
0.15
Sage Grp
383.2
0.05










TOP LOSER
Name
Close Price
Change %
Hays
138.6
-3.68
Johnson Mathey Plc
3077
-2.96
Royal Bk Scotl Gr
320
-2.94
Enterprise Inns
122.2
-2.86
3I Group
392.5
-2.58


INDICATORS:-
RSI is trading below the level of 50 with negative bias & forming further pattern for short and can test the level of 30 in upcoming trading session.
In Stochastic D% is trading above K% with negative bias.
Slow line has given the break out above fast level line with negative bias, breaching below the zero level line it can show weakness in the stock.
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