Dow
Jones Industrial Average - this old economy benchmark is near
it's lifetime highs and is on the verge of a breakout above the 10900
levels. Lower levels will see support at the 10720 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.
Nasdaq
- this technology / biotech index is showing signs of under-performance
vis-a-vis the Dow Jones and is likely to derive support at the 2000 mark.
Resistance on the upside will be witnessed at the 2100 levels. Await a
breakout / breakdown.
Your
call of action - Since Indian investors are not
allowed to trade in overseas markets, this is a pure academic study.
FTSE
- this index has more relative strength as compared to the US indices seen
above. The FTSE will get support at the 4885 levels and upsides will be
met with selling pressure at the 5085 levels.
Your
call of action - Since Indian investors
are not allowed to trade in overseas
markets, this is a pure academic study