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 positively at 18058 and from there made high of 18171 before closing the
positive and improved session at 18052 with gain of 24 points or increase of 0.13%
to the index.
DOW
30 has crucial immediate resistance intact 18120--18160. If this level is
positively sustained and breached then one see next Resistance at 18380--18320.
DOW 30
Support is also intact at 18050--18000.If this is breached negatively and not
sustained then one see next support building below 18900.
RSI of 40
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
-90 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!!
