DOW 30
DOW 30 has been in habit of
following our mentioned and analysed levels and it moved in our previously
mentioned range on expected terms. DOW 30 was in same trajectory as S&P 500
as DOW 30 showed a highly bullish session on expectation as investors are entering DOW
30 at lower levels at an attractive buying level and gave a positive gap up
open at 17512 and from there sustained its momentum to make a high of 17704 and
finally closed the bullish session at 17694 with gain of 285 points or increase
of 1.64% to the index.
DOW 30 has immediate Resistance
intact around 17775--17800.If this level is positively breached and sustained
then one see DOW 30 resistance building around 17930--17975.
DOW 30 has immediate Support
building around 17675--17645.If this level is breached negatively and not
sustained then one see next support building around 17550--17515.
RSI of 50 and increasing g
indicate that short term trend is positive as market seems to have factored in
all negative impending news and looking to build upside momentum and investors
are entering long at an attractive level.
MACD of positive negative 61.38 and improving
also indicate that short term trend is improving in DOW 30.
More Will Update Soon!!
