DOW 30
DOW 30 has been in habit of
following our analysed levels and DOW 30 has been in profit booking mode for
two consecutive trading session as it has been in bull rally for long term and
traded on expected note as DOW 30 was trading near Upper Bollinger limits.
DOW 30 opened at 17777 and made
low of 17728 before closing at 17759 and traded weak throughout the session and
shredded 17.5 points or 0.10% and traded on expected note.
DOW 30 has Resistance intact at
17845—17900.If this level is positively breached and sustained then one see
next Resistance at 17925—17960.
DOW 30 support is building around
17730—17700.If this is not sustained then one see lower support building around
17685—17640.
RSI of 53 also indicate that
there is short term weakness or consolidation ahead.
MACD of positive 46 also indicate
that trend is weak for short term as short selling has been dominating DOW 30
for some time after the bull rally of previous week.
Update on
More Will update Soon!!
