Dow Jones Industrial Average - This old economy benchmark index measures the outlook on the  New York stock exchange. Last week we advocated that the 9700 mark was a short term determinator for the index. Since the Dow Jones index has managed to close below the 9700 mark, the levels on the downside are the 9470 and 9422. The oscillators are pointing towards a weakness in the index.

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 that the Nasdaq was expected to get support at the 1838 levels. Our view was proved correct as the intra-week low on the index was 1842. Though our outlook is bullish for the Nasdaq, the same were proven unjustified as the index has slid lower. Should the 1810 levels be violated, expect a faster fall. The oscillators are currently pointing towards a weakness.

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  that only once the 4350 levels were surpassed, expect the 4460 to be a distinct possibility. Downward support was advocated at the 4200 levels - the index saw a low of 4212 !!!. This index has closed lower from that level and has a support at the 4100 levels which should not be violated in the coming week. 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.