DOW 30 has been in habit of following our analysed levels and so it did again as it took support from our previously mentioned level as DOW 30 opened positively on a higher note at 17742 and from there it sustained its upside momentum by making a high of 17934 and closing at 17928 gaining 222.44 points i.e an increase of 1.26% to index in single session indicating a strong upward move ahead.
DOW 30 has immediate resistance at 18050 and if this is breached positively then one see resistance building around 18180—18200
Support is intact at 17820—17800.Below this next support at 17650—17600.Below this level DOW 30 will be extremely weak.
RSI of 57 and increasing indicate that buyers are entering aggressively in DOW 30 as global and economic scenario are improving.
More will update soon!!!
