FXStreet (Mumbai) – The London’s Ftse index trades in the sideways manner just above 6600 levels, but shares in Dixons Carphone rallied on the news of a tie up with US mobile company Sprint.
Dixons Carphone rises 3.4%
The share price rallied 3.41%, to become the biggest gainer for the day on the news of a tie up. Other major gainers include HSBC, United Utilities, National Grid, Smiths Group. Meanwhile, the losing side includes Intertek; down almost 3%. Ashtead, Royal Mail, Hargreaves Lansdown., Burberry each suffered losses more than 2%.
FTSE: Rejected at hourly 100-MA
The Ftse index currently trades at 6600.80; down 0.80% lower. The gains have been repeatedly capped a the hourly 100-MA resistance currently located at 6616.79.
FTSE Technical Levels
The immediate resistance is located at 6616.79 (hourly 100-MA), above which the index could rise to 6693.5 (June 29 high). On the flip side, a break below the immediate support at 6576 (hourly 50-MA) could see the index fall to 6496.3 (June 30 low).
(Market News Provided by FXstreet)