Global market indices - weekly feature - Oct 11, 2004

 

Indices - international

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.

Dow Jones - Weekly chart

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.

Nasdaq - Weekly chart

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.

FTSE - Weekly chart

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

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