Global market indices - weekly feature - March 20, 2005

 

Indices - international

Dow Jones Industrial Average - this NYSE index has plunged after hitting a 3 1/2 year high. The 10480 levels will be a short term support and the 10745 a short term resistance.

Dow Jones - Weekly chart

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

Nasdaq - this technology index has shown a similar chart pattern as the NYSE and is likely to test the 1980 levels in a weak market scenario and upsides be limited to the 2060 levels.

Nasdaq - Weekly chart

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

FTSE - this UK index has shown a higher relative strength as compared to the US markets and is likely to correct lower to the 4830 - 4850. Upsides will be capped at the 5080 in the coming week

FTSE - Weekly chart

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

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