Dow Jones Industrial Average - The Dow has made a firm upmove as the closing has been above a congestion level of 10635 and should it manage to close above this level in the coming week, we expect the 10800 levels to be surpassed in the pre-christmas euphoria. On the lower side, expect the 10500 levels to be the immediate floor price.

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

Nasdaq - the Nasdaq is making similar chart patterns like the Dow Jones and is likely to face resistance at the 2185 levels which are a congestion band for this index. Should the 2200 levels be surpassed, expect a flag formation to be completed and a fresh bullishness to commence. Lower levels will see support at the 2105 levels in the coming week.

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

FTSE - This index is showing signs of weakness as compared to its US counterparts. The 4850 levels are a threshold above which bullishness is likely and only above this level will the upmove gain momentum and credibility. On the lower side, expect support at the 4596 levels.

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