Dow Jones Industrial Average - This old economy benchmark index on the NYSE is currently consolidating at the current levels. The support in the coming week will come at the 10,180 levels and resistance at the 10,625 levels. The oscillators are pointing towards a fall and the outlook is weak for 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 new economy index has slumped and indicated weakness in the biotech and software counters. The oscillators are signaling weakness and should the index fall below the 1975 mark, expect the previous support of 1897 to be also violated. It should be noted that the Nasdaq has never peaked to the Dec 03 levels, and is making lower tops. That is a sign of clear caution in the near term.

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

FTSE - The index is showing higher relative strength as compared to the US markets but is still under pressure as long as it does not surpass the 4650 levels with heavy volumes. Downside support exists at the 4410 levels and the current week is a crucial one for this UK benchmark.

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