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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 10,600 levels ( click here to view our previous editions ). The Dow Jones has almost stabilised at these levels and has room for a fresh 200 point upmove to 10740. Expect the 10,000 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. This index has made a new 25 month high recently and has been advocated by us as making a saucer formation. The relative strength of this index is catching with the Dow. Last week, we forecast that the 2000 levels will be a  short term resistance for the markets and only above it will a new zone be achieved. ( click here to view our previous editions ) The outlook has turned positive after improved employment data and the short term target of 2090 should be expected.

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 strength ( click here to view our previous editions ). Our outlook is positive for this index as the oscillators are pointing towards an upmove. Expect the rally to see 4680 levels.

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