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| DAILY STOCK PICKS FREE |
MARKET OVERVIEW:
London
stocks rose for the first time in five sessions on Thursday after a
ceasefire was agreed in eastern Ukraine, though ongoing concerns
about Greece and weak economic data from the States limited upside.
The
FTSE 100 finished the day up 0.15% at 6,828.11, but had pulled back
after reaching an intraday high of 6,854.62 early on. If during the
day market is breaching the resistance level of 6890 on upside after
consolidation, then it can test the level of 6960 with the support of
6840.
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The Major trend of Wolseley 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
3910 upside then it can show upside movement for the target of 3980
with the stop loss of 3860.
CHART FORMATION:
Stock is trading near it's resistance and buying can be seen in the
chart. Crossing the resistance will lead to upside movement. Stock is
trading above the 50 & 200 DMA with positive bias.
RSI is trading near to 69.28 level with positive bias, in upcoming
session upside movement is expected.
MACD and Signal line is sustaining above the zero level line.
Name
|
Close
Price
|
Change
%
|
Shire
Plc
|
4997
|
4.63
|
Anglo
American Plc
|
1165.5
|
3.74
|
Enterprise
Inns Plc
|
110.2
|
2.89
|
Rentokil
Intial Plc
|
125.61
|
2.29
|
Rio
Tinto Plc
|
3039.5
|
2.29
|
Name
|
Close
Price
|
Change
%
|
BT
Group
|
450
|
2.17
|
Glaxosmithkline
|
1485.5
|
1.88
|
Compass
Group
|
1118
|
1.58
|
Reckitt
Benck Grp
|
5690
|
1.47
|
Sage
Grp
|
474.7
|
1.35
|
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