London stocks market ended up in red, as bonds yields in Athens got
through the roof on the back of uneasiness over a potential Greek
default. This restricted UK market to reach to its zenith. Downward
slope is shown in Ex-div stocks, Telecom Plus and Petra.
The FTSE 100 slanted 0.51% by the close at 7060.45 after Athens
unfussy approach towards pro casting loan repayments to IMF. If
during the day market breaches the resistance level of 7120 upside
after consolidation, then it can test the level of 7180 on the upside
and on the downside it has a support level of 7080.
RECOMMENDATION BUY
TARGET 1120
The Major trend of ANGLO AMERICAN Plc is sideways and it is showing
strength for buying. It is sustaining near the resistance level then
one can initiate the buying position in the stock. If it breaks the
level of 1072 then it can show upside movement for the target of
with the stop loss of 1030.
CHART FORMATION:-
Stock is trading in a range and breaking its resistance will lead to
upside movement. Stock is trading above the 50 DMA with positive
bias.
INDICATORS:-
RSI is trading near to 48.58 level with positive bias, in upcoming
session upside movement is expected.
MACD and Signal line is sustaining above the zero level line.
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