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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 - 10,675 levels & support at the 10200 ( click here to view our previous editions ). The Dow Jones has under performed as compared to the Nasdaq and is likely to see resistance at the 10750 levels. Expect the 10,280 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 30 month high ( highest since July ' 01) recently and has been advocated by us as making a saucer formation. The relative strength of this index is surpassing the Dow. Last week, we forecast that the 2180 then 2230 levels will be a  short term target and the Nasdaq has closed at 2140 also the intra week high. ( click here to view our previous editions ) The outlook has turned positive after improved employment data and the short term target of 2230 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 though positive for this index is also that of an under-performer as compared to the US markets. The oscillators are pointing towards a consolidation 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.