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Dow Jones Industrial Average - This old economy benchmark index measures the outlook on the  New York stock exchange. The outlook for the index is range-bound on account of flight of resources from equity to bullion, year end redemptions and profit taking at higher levels. Should this index violate the 9,660 mark, expect an accelerated fall upto the 9325 levels. On the higher side, expect resistance at the 9950 levels which will be a strong inflection point.

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. This index has made a new 22 month high recently and has been advocated by us as making a saucer formation. The relative strength of this index is significantly higher than that of the Dow. The 1900 levels will be a  short term support for the markets, below which the a fresh slide to the 1820 levels is possible. On the upsides, expect resistance at the 1995 levels. Only above the 2000 mark, will the index show any signs of revival.

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. As we have been forecasting a 4400 level resistance, this index is unable to surpass that point on a closing basis and show any short term strength. The upsides will see strong selling at the 4460 levels and support at the 4290 levels. Our outlook is better for this index as compared to the Dow Jones and Nasdaq.

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