Dow Jones Industrial Average - This old economy benchmark index measures the outlook on the  New York stock exchange. Last week we advocated that the 9470 levels were a support for this index which was not violated. On the upsides, once the previous high and a level of 9970 is surpassed, expect a sharper upmove in the coming weeks. In the coming week, expect support at the 9625 levels.

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

Nasdaq - This new economy benchmark index measures the outlook on the Nasdaq exchange. Last fortnight onwards, we have been predicting that the Nasdaq was expected to get support at the 1838 levels. Our view was proved correct as the intra-week low on the index was 1874. Though our outlook was that of weakness on the Nasdaq, there has been a considerable improvement in the index. Any significant close above the 1990 levels will see a sharper upward momentum - leading to the domestic software stocks jumping higher. Downward support remains at the 1835 levels.

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

FTSE - This index measures the outlook on the London stock exchange. Last week we predicted  that only once the 4350 levels were surpassed, expect the 4460 to be a distinct possibility. Downward support was advocated at the 4200 levels - the index saw a low of 4238 !!!. This index has closed higher from that level and has a support at the 4140 levels which should not be violated in the coming week. Watch the 4420 and 4100 band for a direction.

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