Best Stock to Pick Today on London Stock Market - Shaftesbury Plc

The primary trend of Shaftesbury Plc is side ways and from last few trading session stock is showing strenght for buying and looking strong on charts.The level is very crucial earlier it has been the major support level at 676 and it has tested the level now it's acting like the resistance level crossing of it can show upside movement and can test the level of 696 . One can initiates the long position above the level of 676 with sl of 665 for the target of 696.

CHART FORMATION:-

Stock has managing to trade with positive bias and consolidating near to resistance level crossing of it can show northward journey.  It's managing to trade above 50 DMA and facing resistance from 200 DMA at 679 crossing of it can show further upside movement.

INDICATORS:-

RSI is trading above the level of 50 and forming downward channel , Breaching of the channel can manage to test the level of 70. Fast line has given the break out above slow line and it's sustains above the zero level.

London Stock Exchange News & Updates for the Day

London investors moved to the sidelines on Friday ahead of next week's Scottish independence vote and US Federal Reserve policy meeting.The FTSE 100 Index closed the session 7.34 points up at 6806.96 as traders chewed over the possible implications of a Scottish split from the UK in the referendum on Thursday.Through out the week index traded in a range and faced enough support at 6750 level and showed pullback from their.For upcoming week it can trade in a range of 6750-6850 ,the over all trend of index is bullish and it's sustains above 50 DMA & 200 DMA which is indicating further upside movement as RSI is trading above 50 level and having scope to test the 70 level crossing of 6850 level it can test the level 6900,6950 with the support of 6750.f 6750.

TOP GAINER

Name	Close Price	Change %
Man Group	122.7	2.51
Pearson	1178	2.08
Barclays	230	2
Imperial Tabacco	2753	1.81
Schroders Nvtg	1889	1.4

TOP LOSER

Name	Close Price	Change %
Associat Brit Foods	2621	-2.09
Whitbread	4247	-1.87
Old Mutual	194	-1.22
Aviva	525.5	-1.04
Enterprise Inns	117.1	-0.93

Today's Forex Free Signals for Today

EUR/USD: SHORT AT 1.2940 FOR 1.2788; STOP AT 1.3011

USD/JPY: LONG AT 106.85 FOR REVISED 108.45; STOP AT 105.99

GBP/USD: SELL AT 1.6280 FOR INITIAL 1.6052 OBJECTIVE; STOP AT 1.6350

USD/CHF: LOOK TO BUY .9300/.9283

AUD/USD: LOOK TO SELL

USD/CAD: LOOK TO BUY

Betfair Group Plc Share News, Trend & Updates

Betfair Group Plc is looking strong on charts for buying .The over all trend of stock is bullish and it has manages to give the break out above the trend line and sustain above that with positive bias.In upcoming session it can show upside movement after crossing of the resistance level at 1101 it can test the level of 1144 with the stop loss at 1080.

CHART FORMATION:-

Stock has given the break out of trend line and forming flag pattern which is continuation pattern crossing of the neck line it can give the target of pole.i.e 1144. It's managing to trade above 50 DMA and 200 DMA with positive bias.

INDICATORS:-

RSI is trading above the level of 50 and looking further bullish and facing resistance at 57 crossing of it can test the level of 70. Fast line has given the break out above slow line and it's sustains above the zero level. ADX is trading above 25 level, Positive Di has given the break out above negative DI which is indicating upside movement.