UK equities recovered

London stocks gains after the retail sector outweighed falls from energy stocks on Monday, as UK equities recovered strongly after their worst weekly performance so far this year. The economic data calendar was relatively quiet on Monday, as the focus remains on the upcoming Federal Reserve decision and UK Budget on Wednesday

The FTSE 100 index ended the session up by 0.94% to 6804.08, after dropping 2.5 % last week. If during the day market is breaching the support level of 6760 on downside after consolidation, then it can test the level of 6700 with the resistance of 6810.

RECOMMENDATION SELL

TARGET 420

The Major trend of Dixons Carphone 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 425 then it can show downside movement for the target of 420 with the stop loss of 429.

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 49.65 level with negative bias, in upcoming session downside movement is expected.

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

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FTSE | BUY WM

London stocks settled near 15- year high on Friday as improving data from the Eurozone. In economic data on Friday, Markit's Eurozone composite purchasing managers' index rose to a seven-month high in February. The 'flash' reading increased from 52.6 to 53.5 this month .

The FTSE 100 index ended with a gain of 0.4% to 6915.20, as market was near its record high of 6930.20 was reached in December 1999. If during the day market is breaching the resistance level of 6930 on upside after consolidation, then it can test the level of 7010 with the support of 6880.

                                          Morrison (WM) Super Markets Plc

CHART FORMATION:-

Stock is trading near its resistance and breaking above that trendline will lead to buying in the chart. Crossing the resistance will lead to upside movement. Stock is trading above 

the 50 & 200 DMA with positive bias.
                 

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RECOMMENDATION BUY

TARGET 195

The Major trend of Morrison (WM) Super Markets Plc is sideways and it is showing strength for buying. If it moves above the resistance then one can initiate the long position in the stock. If it breaks the level of 190 upside then it can show upside movement for the target of 195 with the stop loss of 186.

INDICATORS:-

RSI is trading near to 70.13 level with positive bias, in upcoming session upside movement is expected. Volume is also increasing as pattern is near its breakout.

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

London's blue casino chips was over Monday's session largely cheaper

UK MARKET OVERVIEW

London's blue casino chips was over Monday's session largely cheaper, struck simply by fragile buyer emotion in the middle of installation stresses inside Iraq. The particular FTSE 100 sealed 1. 21 things cheaper on 6, 754. sixty four. FTSE 100 opened up along with damaging opinion as well as traded inside damaging terrain as well as produced a intra morning lower on 6748 but in subsequent 1 / 2 that confirmed a few recuperation as well as screened how much 6780. Listing possesses provided the escape connected with multiple top inside every day chart as well as provided closing below that, RSI possesses trading below 50 levels experiencing amount of resistance along with 9 DMA. Throughout around it can indicate even more static correction which enable it to check how much 6500 along with amount of resistance connected with 6900.

Alliance Trust plc

STOCK CONCLUSION:

The key pattern connected with Alliance  Trust Plc is bullish but via previous couple of trading session that didn't manages to help preserve on advanced & developing distribution structure while using lower quantity. Share is manages to help preserve below the pattern collection along with damaging opinion breaking connected with it truly is around support levels i. at the. 445 it can indicate downward movements which enable it to check how much 439 & 2 hundred DMA is performing nearly as good quit loss levels i. at the. 450.

INFORMATION FORMATION

Share possesses provided the escape connected with increase top as well as merging along with damaging opinion below the pattern collection, breaking in the support levels it can indicate advertising strain.

Share is coping with to help industry below 50 DMA & 2 hundred DMA along with damaging opinion.

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UK Market Overview and Stock Pick For Today: 15th April

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.

Stock Pick For Today