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Dow Jones Industrial Average - This old economy benchmark index measures the outlook on the  New York stock exchange. Last week we had advocated resistance at the 10,750 levels ( click here to view our previous editions ) which proved a major hurdle for the markets. The Dow Jones has retraced from the 10754 mark !!! The index is likely to remain under pressure till it surpasses the 10750 levels with heavy volumes. Expect the 10,500 levels to be a good short term base for this index 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.

Nasdaq - This new economy benchmark index measures the outlook on the Nasdaq exchange. Last week, we forecast that the 2000 levels will be a  short term support and the index took support at the 2023 mark ( click here to view our previous editions ). The 2000 levels would remain a good base for this index - which if violated, will take the Nasdaq to 1925 levels. Only above a 2175 close, expect the next resistance at the 2240 - 2250 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. As we have been forecasting a 4300 level support, this index is making a base in the near term and showing short term weakness ( click here to view our previous editions ). Our outlook though mildly positive for this index is also that of an under-performer as compared to the US markets. The oscillators are pointing towards a sideways market at present levels - only above a conclusive close above 4560 levels, will a new rally start.

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