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Wednesday, December 26, 2012

European Market Outlook

We already gave a bullish view for our market in my article dated 12th Dec.

Lets take a tour for European Market & see how it looks@

DAX@ Last seen at 7636 got excellent support in the region of 7514 & 7420 so there's nothing to worry as long it remains above the mentioned level.

FTSE@ Last seen at 5954 got excellent support in the region of around 5870 so there's nothing to worry as long it remains above the mentioned level.

CAC@ Last seen at 3652 got excellent support in the region of 3607 & 3580 so there's nothing to worry as long it remains above the mentioned level.


FTSE MIB@ Last seen at 16333 got excellent support in the region of around 16116 & 15876 so there's nothing to worry as long it remains above the mentioned level. It faces resistance around 16653 & 16902

Overall the above indices looks nice and there's nothing to worry as such right now. Things are in order.


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