DOW 30
DOW 30 has been in habit of following our
mentioned levels and it has been doing it for some time and traded at our
mentioned levels. DOW 30 has been trading weak but on previous two sessions it has
been trying to improve trend and for two consecutive session as it opened with
a gap up at 18099 and from there made high of 18149 before closing the positive
and improved session at 18136 with gain of 83 points or increase of 0.47% to
the index.
DOW
30 has crucial immediate resistance intact 18160--18200. If this level is
positively sustained and breached then one see next Resistance at 18380--18320.
DOW 30
Support is also intact at 18100--18050.If this is breached negatively and not
sustained then one see next support building below 18000.
RSI of 42
and improving suggest that DOW 30 is trying to improve trend and once impending
FOMC meet and outcome decision is absorbed in the market then we may see upside
move.
MACD of negative
-79 and improving also suggest that a DOW 30 overall trend is improving and investors
may enter aggressively once impending FOMC meet is absorbed in the market.
More Will Update Soon!!
