UK
stocks dropped to their lowest levels in five weeks on Wednesday as
turmoil in the oil prices intensified with crude prices sinking to a
fresh five-year low.The FTSE
100 erased
earlier gains to finish down 0.45%at
6,500. It has not closed below this level since 4 November when it
settled at 6,453.97.Technically market has shown straigth downward
rally and closed with loss of nearly 300 point down in this week, Now
from here correction is expected it can test the levl 6400 which
proving to be very crucial.Sustaining above 6400 level can test the
level of 6700 in upcoming session.
RECOMMENDATION
BUY
TARGET
930
TOP GAINER
Name
|
Close
Price
|
Change
%
|
Astrazeneca
|
4683
|
2.66
|
Shire
|
4429
|
2.17
|
Rexam
|
453.6
|
1.57
|
Wolseley
|
3623
|
1.4
|
3I
Group
|
449.1
|
1.17
|
TOP LOSER
Name
|
Close
Price
|
Change
%
|
Bg
Group
|
872.4
|
-2.94
|
Sainsbury
|
226.4
|
-2.25
|
Bhp
Billiton
|
1386.5
|
-1.91
|
Rio
Tinto
|
2797.5
|
-1.82
|
Tate
& Lyle
|
581.5
|
-1.69
|
Jardine Lloyd
Thompson Group Plc
The major trend Jardine Lloyd Thompson Group Plc is side ways but
from last few trading sesion it is managing to consildate with
positive bias strenght for upside and manages to consolidate near to
resistance level.For upcoming session stock is looking strong on
charts and facing resistance from 890 level crossing of it can
show upside movement and can test the level of 930 with stop loss of
860.
CHART FORMATION:-
Stock has looking strong on charts and consolidate with positive bias
, crossing of the resistance level can show northward journey
It's trading above the 50 DMA and 200 DMA with positive bias.
INDICATORS:-
RSI is trading above the 50 level and showing consolidation ,
crossing of 60 level it can test the level of 70.
Macd & Signal line is trading above Zero level line with positive
bias.
In ADX, Positive DI is sustaining above Negative DI which is showing
strength in a chart.
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