FTSE100 | EXPERIAN PLC Sell call

MARKET OVERVIEW
The top flight index outperformed its European peers on the first day of the week but still ended the session with sharp losses following the sharpest drop overnight in Chinese stocks since 2007. 

The FTSE 100 ended the day in red by 74.68 points at 6505.13 But if during the day market breaches the support level of 6450 on the downside after consolidation, then it can test the level of 6400 and the immediate resistance level is 6550 

 EXPERIAN PLC GROUP

 

RECOMMENDATION SELL

TARGET  1135

The Major trend of EXPERIAN  PLC it is showing strength for selling .If it breaks the support level then one can initiate the selling position in the stock. If it breaks the level of 1148 then it can test support level for the target of 1135 with the stop loss of 1160

CHART FORMATION:-

Stock is trading in a range and trading near the trendline. Breaking the support line will lead to downside movement. Stock is trading  below the 50 DMA with negetive bias. 

INDICATORS:-

RSI is trading near to 29.93 level with negetive bias, in upcoming session downside movement is expected.

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

FTSE100 | Intu Properties plc buy call

MARKET OVERVIEW

The sale of the FT Group by Japan's Nikkei livened up an otherwise lacklustre day in terms of economic data or news-flow. In an e-mail sent to subscribers Nikkei announced the £837m deal, which analysts saw as a bold bid by the Asian media group to break out of its home market .

The FTSE 100 ended the day in red by 12.33 points at 6655. But if during the day market breaches the support level of 6630 on the downside after consolidation, then it can test the level of 6580 and the immediate resistance level is 6720

INTU PROPERTIES PLC GROUP

 

RECOMMENDATION BUY

TARGET 340

The Major trend of INTU PROPERTIES PLC it is showing strength for buying .If it breaks the resistance level then one can initiate the buying position in the stock. If it breaks the level of 337then it can test resistance level for the target of 340 with the stop loss of 334.

CHART FORMATION:-

Stock is trading in a range and trading near the trendline. Breaking the resistance line will lead to upside movement. Stock is trading above the 50 DMA with positive bias.

INDICATORS:-

RSI is trading near to 58.08 level with positive bias, in upcoming session upside movement is expected.

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

FTSE100 | L&G Plc Group Buy call

MARKET OVERVIEW

Shares ended the session lower in London as markets' focus shifted from the Greek crisis to central banks and corporate earnings.

Nevertheless, traders breathed a sigh of relief after Germany's parliament approved starting talks with Greece on a third bail-out package and to ratify the provision of a bridge-loan to tidy the country over until a new full bailout package is in place, possibly in about a month's time.

The FTSE 100 ended the day in red by 21.37 points at 6775.08 If during the day market breaches the supprot level of 6750 on the downside after consolidation, then it can test the level of 6700 and the immediate resistance level is 6800.

LEGAL & GENERAL PLC GROUP 

RECOMMENDATION BUY

TARGET 275.50

The Major trend of LEGAL & GENERAL GROUP PLC it is showing strength for buying .If it breaks the resistance level then one can initiate the buying position in the stock. If it breaks the level of 272.80 then it can test resistance level for the target of 275.50 with the stop loss of 270.50

CHART FORMATION:-

Stock is trading in a range and trading near the trendline. Breaking the resistance line will lead to upside movement. Stock is trading above the 50 DMA with positive bias.

INDICATORS:-

RSI is trading near to 60.07 level with positive bias, in upcoming session upside movement is expected.

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