FTSE 100 Index

London stocks gains after a range bound trade and Index managed to edge higher to a new record on Monday though worries about Greece limited upside for London's stocks. Greece's prime minister Alexis Tsipras warned Germany that Athens will not be able to service debt obligations unless the EU distributes short-term financial aid. The comments came as he met with German chancellor Angela Merkel in Berlin.

The FTSE 100 index ended the session up by 0.22% to 7037.67, surpassing the previous all-time closing high of 7,022.51 set on Friday. If during the day market is breaching the resistance level of 7060 on upside after consolidation, then it can test the level of 7120 with the support of 7010.

                                    BARRATT DEVELOPMENTS Plc

RECOMMENDATION BUY

TARGET 540

The Major trend of Barratt Developments Plc is bullish and it is showing strength for buying . If it moves above the resistance level then one can initiate the long position in the stock. If it breaks the level of 535 then it can show upside movement for the target of 540 with the stop loss of 531.

CHART FORMATION:-

Stock is trading near its resistance and sustaining above that trendline is indicating buying in the chart. Crossing the trendline will lead to upside movement. Stock is trading above the 50 and 200 DMA with positive bias.

INDICATORS:-

RSI is trading near to 64.08 level with positive bias, in upcoming session upside movement is expected.

MACD and Signal line is sustaining above the zero level line.

FTSE london | Gains

London stocks gains after pharma and beverage stocks ended in positive note. In Economic data on Thursday, UK trade balance registered an unexpectedly large improvement at the start of the year. The deficit on sales of goods overseas shrank to £8.4bn in January from a revised £9.9bn, better than the £9.7bn consensus forecast. Meanwhile, Eurozone industrial production fell 0.1% in January after a 0.3% rise in December, missing the +0.2% estimate.

The FTSE 100 index end the session positive up by 0.59% to 6761.07 pulling back after hitting a high of 6,799.84 earlier, with concerns about Greece weighing on sentiment in afternoon trade. If during the day market is breaching the support level of 6680 on downside after consolidation, then it can test the level of 6620 with the resistance of 6720.

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Sports Direct International Plc

RECOMMENDATION SELL

TARGET 634

The Major trend of Sports Direct International Plc is sideways and it is showing strength for selling . If it moves below the support level then one can initiate the short position in the stock. If it breaks the level of 650 then it can show downside movement for the target of 634 with the stop loss of 664.

CHART FORMATION:-

Stock is trading near its support and sustaining below that trendline is indicating selling in the chart. Crossing the trendline will lead to downside movement. Stock is trading below the 50 and 200 DMA with negative bias.

INDICATORS:-

RSI is trading near to 34.07 level with negative bias, in upcoming session downside movement is expected.

MACD and Signal line is sustaining below the zero level line.