Click here to view other previous reports >>

Dow Jones Industrial Average - This old economy benchmark index measures the outlook on the  New York stock exchange. Last fortnight 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 index is consolidating currently and is likely to take support at the 10400 in the immediate future. The index is likely to remain under pressure till it surpasses the 10750 levels with heavy volumes.

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 fortnight, we forecast that the 2000 levels will be a  short term support and the index took support at the 2020 mark ( click here to view our previous editions ). The 1980 levels would remain a good base for this index - which if violated, will take the Nasdaq to 1950 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 4560 level resistance, this index is making attempts to surpass those levels. ( 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 with a bullish bias at present levels - only above a conclusive close above 4580 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.