Global market indices - weekly feature - Feb 26, 2005

 

Indices - international

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.

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.

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.

Nasdaq - Weekly chart

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.

FTSE - Weekly chart

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

Your feedback is important ! Please click here to let us know your views. Click here to inform a friend about this page on our website.

 


Return  home     Go back to previous page This  page  best  viewed  with  I.E.  4.0  or  betterTop