Friday 22 August 2014

UK Latest Market Updates & Trading Tips


London's blue chips ended Thursday's session on a positive note, led by Astrazeneca. Increased speculation regarding ECB action, on the heels of weaker than forecast readings on the Eurozone economy, were offset by a weak report on UK retail sales. After making gains both early and late on, the FTSE 100 ultimately closed 22 points higher at 6,778. Technically ,FTSE 100 is managing to trade above 6700 level , it has opened gap up and showed consolidation through out the session in near future it can continue it's major trend  with this it can test the level of 6950.RSI has manages to sustain above 50 level and given the break out of the resistance level at 60 which is indicating further bullishness in the index with this covergence  of both the 50 DMA & 200 DMA , indicating strength in the index near support at 6600 level.
 
TOP GAINER
Name
Close Price
Change %
Astrazenca
4411.5
2.95
Schroders
2392
2.66
Schroders Nvtg
1890.55
2.52
Smith & Nephew
1064
1.62
3I Group
387.6
1.57
TOP LOSER
Name
Close Price
Change %
Kingfisher
306.8
-1.67
Anglo American
1573.5
-1.29
Antofagasta
808.5
-1.28
Rio Tinto
3433
-0.72
Itv
209.5
-0.71

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