Weak European manufacturing data dragged London shares lower on Monday

UK MARKET OVERVIEW

Weak European manufacturing data dragged London shares lower on Monday despite a rise in the sector's fortunes in the UK.The Euro zone Market manufacturing purchasing managers' index (PMI) for October fell to 50.6 from 50.7 previously with both Germany and Italy declining while France improved slightly.Ind ex has opened on gap up note but did not manage to sustain at higher level and showed down side movement closed at  6487 but found enough support at 6450 level ,  sustain above it can show upside movement with the support of 6450 it can test the level of 6600,6750.

TOP GAINER

Name	Close Price	Change %
Intercont Hotels	2405	1.52
Carnival	2516	1.13
Wpp	1230.5	1.03
Enterprise Inns	129.2	1.02
Itv	204.6	0.79

TOP LOSER

Name	Close Price	Change %
Associat Brit Foods	2671	-3.01
Centrica	295.5	-2.31
Kingfisher	295.5	-2.31
United Utilities Gr	837	-2.05
Royal Bk Scotl Gr	380.2	-2.01

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 is trading above 25 level , Positive DI is placed above negative which is indicating strength for buying.
Macd & Signal line is  trading above Zero level line which is indicating strength in the stock.

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