UK Market Overview
European shares extended losses on Monday, with a major index slipping to its lowest level in three weeks, as fresh tension inUkraine prompted investors to shun cyclical sectors such as travel,auto sand technology. The FTSE fell hard during the session and faced engough resistance at 6500 level and bounced back from their and closed at 6583 with moderate gain,As index is facing buying from the zone of 6500 so now further upside movement is expected and it can test the level of 6700 and crossing of the level it can test the all time high.
Stock Pick For Today
Keller Group Plc is looking good for buy as stock is managing to trade with positive bias from last few trading session and facing major support level of 1020. Stock is forming falling trend line and trading while taking resistance of it breaching of trend line it can show upside movement. Its 200 DMA is placed at 1062 & 50 DMA is placed at 1041 crossing of both can confirm the bullishness in the stock. If in near future stock manages to sustain above the support level and crossing of 1065 upside movement is expected and it can show the level of 1140.
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