UK MARKET OVERVIEW
Upbeat news from the UK supermarket sector and falling oil prices put London shares on an upward path on Monday.The FTSE 100 Index closed 35.74 points up at 6563.65 as investors shrugged off worse-than-expected German factory data,but found the 6600 level to be far too resistive.FTSE 100 on chart is showing strength for pull back rally , on hourly charts it's has given the break out above the 50 and it has managing to sustain above 50 DMA and facing resistance from 200 DMA so it can test the level of 6780 breaching of it can show 6900.
TOP GAINER
|
Name
|
Close
Price
|
Change
%
|
|
Hays
|
122.7
|
5.87
|
|
Antofagasta
|
706.5
|
3.82
|
|
Barclays
|
232.3
|
3.43
|
|
Tesco
Plc
|
176.75
|
2.67
|
|
Anglo
American
|
1348
|
2.55
|
TOP LOSER
|
Name
|
Close
Price
|
Change
%
|
|
Tate
& lyle
|
595.5
|
-0.75
|
|
United
Utilities
|
805
|
-0.62
|
|
Legal
& Genral
|
226.8
|
-0.53
|
|
Next
|
6615
|
-0.48
|
|
Aviva
|
517
|
-0.47
|
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 has given the break out above negative DI which is confirm strength in the buying side.
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