Dow
Jones Industrial Average - as advocated by us last week, the
index is finding it difficult to sustain higher levels and has closed
below it's 52 week average. The 10200 levels will be the short term
resistance and 9940 the immediate support.
Your
call of action - Since Indian
investors are not allowed to trade
in overseas markets, this is a pure
academic study.
Nasdaq
- This index is making similar moves like the Dow and is likely to face
stiff resistance at the 200 mark. On the lower side, expect support at the
1870 levels.
Your
call of action - Since Indian investors are not
allowed to trade in overseas markets, this is a pure academic study.
FTSE
- this index is showing higher relative strength as compared to the US
markets and is likely to rally higher to the 4770 - 4800 levels in a
conducive market scenario. On the lower end, expect support at the 4510
levels.
Your
call of action - Since Indian investors are not
allowed to trade in overseas markets, this is a pure academic study.