UK MARKET OVERVIEW FOR THE DAY

UK MARKET OVERVIEW

The FTSE ended Wednesday's session higher ahead of the latest statement release by the Federal Reserve and following the publication of the minutes of the latest meeting of the Bank of England's (BoE) Monetary Policy Committee (MPC) .FTSE 100 opened up with positive bias and traded in a very range and created a intra morning high at 6788 and closed on level note. Index has sustain below the quality of 6800 from very last few trading sessions, In near foreseeable future it's expected so it will consolidate near the support level and breaching of 6700 level it can test the 6500 amount with resistance regarding 6900.

Coca Soda-pop Plc

STOCK SYNOPSIS:

The over many tend of Coca Soda-pop Plc is poor it's looking further bearish for the daily chart, stock seriously isn't managing to sustain at higher level and facing promoting pressure from highs that is indicating the weakness inside the stock. Stock is manages to buy and sell below it's two hundred DMA & 50 DMA along with negative bias, breaching of it is vital support level when i. e. 1357 it can test the quality of 1311 and 50 DMA is acting like a good stop loss level 1393.

CHART FORMATION

Stock is forming inverted pennant pattern breaching in the neck line it can give the target of pole when i. e. 1311.

Share is managing in order to trade below 50 DMA & two hundred DMA with negative bias.


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