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 has entered into consolidation phase and
looking to continue its trend for short term. DOW 30 opened at 17799 and from
there made low of 17689 before finally closing at 17807 shredding 31.50 points
or decrease of 0.18% to the index.
DOW 30 has Resistance intact at 17875—17900.If
this is breached and positively sustained then one see next Resistance building
around 17955—18000 level.
DOW 30 Support is also intact at
17750—17725.If this level is breached negatively and not sustained then one see
next support building around 17690—17650.
RSI of 53 also indicate that DOW
30 is in consolidation phase as bulls are waiting for all global and domestic
news to clear and then they may enter aggressively.
MACD of Positive 27.91 also
indicate short term consolidation or correction as Bulls are still hawkish
among global uncertainty.
More Will Update Soon!!
