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
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.
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