MARKET
OVERVIEW
UK
stocks fell for the fourth nonstop day on Wednesday with London's
FTSE
100
finishing at its lowest level in five months as Greece continued to
fight with creditors to secure a bailout deal.
The
FTSE 100 ended the day in red by 29.55 points at 6680.55 If during
the day market breaches the support level of 6650 on the downside
after consolidation, then it can test the level of 6600 and the
immediate resistance level is 6750.
TESCO PLC
RECOMMENDATION SELL
TARGET 208
The Major trend of TECSO 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 208 then it can
test support level for the target of 205 with the stop loss of 211.
Stock is trading in a range and trading near the trendline. Breaking
the support line will lead to downside movement. Stock is trading
above the 50 DMA with negetive bias.
INDICATORS:-
RSI is trading near to 40.44 level with negetive bias, in upcoming
session downward movement is expected.
MACD and Signal line is sustaining below the zero level line.
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