Dow Jones Industrial Average - This old economy benchmark index measures the outlook on the  New York stock exchange. Last week we advocated that the Dow Jones index was pointing to a weakness. The index has gained ground on the last day of week after strong employment data lead to a belief that the economy was turning around. However, the 9700 mark will be a short term trend determinator for the index. Should the Dow surpass this resistance on a closing basis, expect the upmove to gain momentum. The outlook appears positive.

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 week, we had predicted support at the 1740 levels which was not violated. The upward charge has been led by Intel which has seen a heavy buying interest. The Nasdaq is appearing stronger than the Dow Jones - relatively speaking. Should the Nasdaq close above the 1925 levels consistently, expect the upmove to gain momentum. We are optimistic about the coming week for this index.

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 week we predicted support on the downside at the 4050 levels -  and the FTSE has seen lows of 4082 levels. Watch the 4050 levels for support and on the higher side, expect selling at 4420 levels.

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