Dow Jones Industrial Average - This old economy benchmark index measures the outlook on the  New York stock exchange. Last week we had advocated support at the 10,000 levels ( click here to view our previous editions ) which proved a major support for the markets. The Dow Jones has rallied from the 10,008 mark !!! The index is likely to remain under pressure till it surpasses the 10,500 levels with heavy volumes. 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. The 1850 levels would remain a good base for this index - which if violated, will take the Nasdaq to 1815 levels. Only above a 2050 close, expect the next resistance at the 2120 levels. The outlook remains that of weakness on advances.

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 is outlook is that of weakness for this index. The oscillators are pointing towards a downward market at present levels - only above a conclusive close above 4500 levels, will a new short term rally start.

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