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Monday 4 August 2014

The FTSE broken significantly lower seeing that weak Eurozone


The FTSE broken significantly lower seeing that weak Eurozone along with UK manufacturing facts, US jobs results and broker downgrades assessed on markets. After a lower starting throughout mid day along with making low at 6624 on Friday 's trading treatment it again recovered in the final two hrs of trade, your FTSE ultimately broken 50. 93 factors lower at 6, 679. 18.  UK manufacturing exercise slowed to it's worst level within a year last 30 days, fueling fears that the country's fragile economic recovery can be faltering. The GREAT BRITAIN manufacturing sector getting managers' index (PMI) intended for July came throughout at 55. 5, versus a studying of 57. a couple of the month just before as both end result and order slowed. For coming few days FTSE is seeking week at the idea not managing to be able to sustain at higher level and showing selling pressure also it manages to breach the degree of 6650, If it sustain below the degree of 6650, breaching 6600 level it might test the degree of 6400.
British Sky Broadcasting Group


TOP GAINER

Name
Close Price
Change %
Smith & Nephew
1065
3.8
Bg Group
1208.5
3.11
Tate & Lyle
640
2.56
Smith Group
1285
0.78
Morrison Supper
169.4
0.47

TOP LOSER

Name
Close Price
Change %
United Utilities Gr
856
-3.82
Severn trent
1877
-3
William Hill
343
-2.72
Schoroders
2329
-2.55
Johnson Mathey Plc
2884
-2.53

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.
Slow line has given the break out above.

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