Global market indices - weekly feature - Dec 06, 2004

 

Indices - international

Dow Jones Industrial Average - the Dow has signalled a breakout and managed to close higher than the previous close. The index has managed to breakout above the congestion levels of 10600 but closed below it. Expect resistance at the 10700 levels and support at the 10380 levels.

Dow Jones - Weekly chart

Your call  of  action - Since Indian investors are not allowed to trade in overseas markets, this  is  a  pure academic study.

ACC I Bajaj Auto I Dr Reddy I Grasim I Mah & Mah I Ranbaxy I Reliance I TCS I Tisco I Tata Tea I BSE Sensex I Nifty I CNX-IT I Dow Jones I Nasdaq I FTSE I Top I Close window I Print page

Nasdaq - The Nasdaq has indicated even higher strength than the Nifty and is poised to test the 2200 levels in the coming week. We expect support at the 2100 levels and hold a bullish view on this counter.

Nasdaq - Weekly chart

Your  call  of  action - Since Indian investors are not allowed to trade in  overseas markets, this is a pure academic study.

ACC I Bajaj Auto I Dr Reddy I Grasim I Mah & Mah I Ranbaxy I Reliance I TCS I Tisco I Tata Tea I BSE Sensex I Nifty I CNX-IT I Dow Jones I Nasdaq I FTSE I Top I Close window I Print page

FTSE - the FTSE under-performs the US indices and faces congestion at the 4900 levels, which it must surpass to indicate strength. On the lower side, expect support at the 4650 levels.

FTSE - Weekly chart

Your  call  of  action - Since  Indian  investors  are  not  allowed  to  trade in  overseas  markets, this  is  a  pure  academic  study.

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