Dow Jones Industrial Average - The Dow has seen a spectacular 285 point jump in this week as the lower tops and bottoms formation continued unbroken. We expect the upsides to be capped at the 10230 and the index to succumb to profit taking. On the lower side, we expect support at the 9930 levels, below which 9820 levels will be seen.

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

Nasdaq - this technology laden index is also undergoing a sharp pullback as the lower bottoms formation has seen a big plunge of over 300 points in 9 weeks. The upsides are unlikely to be above the 1910 levels and the downsides will be at the 1770 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. 

FTSE - This UK index has seen lower tops and bottoms formation and will see critical support at the 4260 levels as the index shows signs of weakness. A pullback maybe seen to the 4440 levels in the coming week, however, it is likely to be temporary in nature.

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