Dow Jones Industrial Average - the Dow has managed to close higher for the third consecutive week and that is a sign of optimism. As advocated last week, the 10800 levels are proving to be an immediate resistance. The 10600 will be a short term floor and the upsides will see resistance at the 10920 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.

Nasdaq - the Nasdaq has been under pressure and is underperforming the Dow Jones average. The 1990 levels are a strong floor and the 2115 will be a strong short term resistance above which it must close to reverse the weak trend.

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

FTSE - The FTSE is by and far the strongest of the overseas indices and is displaying signs of absolute strength as it hits a new intermediate high. The overhead resistance is at the 5165 levels  and the support at the 4980 levels.

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