Dow Jones Industrial Average - The Dow is retracing lower and likely to derive immediate support at the 10400 levels. It is crucial that this index not fall & close below the 10400 levels in the coming weeks if any recovery is to be seen. On the upsides, the 10715 levels will be the immediate resistance levels to watch.

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

Nasdaq - The IT / Biotechnology laden index is showing a sharp retracement in the previous fortnight and is currently at it's threshold support at the 2075 levels. A conclusive fall below this level will see support at the 2000 levels. On the higher side, expect resistance at the 2125 levels.

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

FTSE - this UK index is showing higher relative strength as compared to the US indices as the fall has been relatively muted. The 4720 levels will be the threshold support to watch in the coming week and 4875 levels to watch on the upsides.

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