Dow Jones Industrial Average - This old economy benchmark index measures the outlook on the  New York stock exchange. The outlook for the index is optimistic on positive non-farm employment figures and steady interest rates. Should this index clear the 10,000 mark, expect an accelerated upmove. We expect the next levels to be 10,110 and 10, 256 as the near term resistance points. On the lower side, expect support at the 9740 levels.

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 22 month high and has been advocated by us as making a saucer formation. The relative strength of this index is significantly higher than that of the Dow and we feel any breakout above the 2000 mark will lend a tremendous boost to the domestic software counters. The oscillators are pointing towards a sustained upmove and our outlook remains positive.

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. Last fortnight we predicted  that only once the 4350 levels were surpassed, expect the 4460 to be a distinct possibility. Downward support was advocated at the 4200 levels. This index has closed higher than the previous week and above it's 13 WMA - signs of optimism. Watch the 4420 and 4100 band for a direction.

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