About Me
- Manish Bothra
- Kolkata, India
- Disclaimer: This Blog, its owner, creator & contributor is not a research analyst and expressing opinion only as an Investor in Indian equities .He/She is not responsible for any loss arising out of any information, post or opinion appearing on this blog.Information or stock recommendations contained in this blog are for educational purposes only. Investors are advised to consult financial consultant before acting on any such information. Before acting on any old recommendations, please ensure its relevance in current circumstances.
Friday, October 10, 2014
Technical@ US & Europe Indices
Dowjones likely to take support close to 16580 -16500 and will give a solid bounce. Currently at 16670 when this message posted.
Nasdaq@ First strong support close to 4336 to 4310 from where it could take support & bounce.
Below 4300 support exists at 4245 & 4197+-
At 4380 when message posted.
S&P@ Strong support close to 1925-1909. Below that 1880/1865 likely to act as strong support area for bounce. At 1933 when this message posted.
In nutshell further little more downside seen in US indices followed by a big technical bounce
Europe Market
Nasdaq@ First strong support close to 4336 to 4310 from where it could take support & bounce.
Below 4300 support exists at 4245 & 4197+-
At 4380 when message posted.
S&P@ Strong support close to 1925-1909. Below that 1880/1865 likely to act as strong support area for bounce. At 1933 when this message posted.
In nutshell further little more downside seen in US indices followed by a big technical bounce
Europe Market
@ CAC@ Last traded at 4141.
I see excellent support for CAC in the region of 4050. So going ahead for the time being I see max 2% downside followed by a bounce again.
FTSE@ Last traded at 6431.
I see excellent support for FTSE in the region of 6384 & 6249+-. So going ahead its likely to take support in the above mentioned area and bounce back.
If closes below 6249 then it becomes further weaker where on the downside it could see level of upto 6116 & 5900 maxx.
@ DAX @ Last traded at 9005.
Right now at its strong support area of 9000. Chances of bounce are much higher from current level however below 9000 it gets weaker where on the downside it could level of upto (S1) 8675/8622 & (S2) 8400 maxx where its likely to take support & bounce.
S stands for support.
I see excellent support for CAC in the region of 4050. So going ahead for the time being I see max 2% downside followed by a bounce again.
FTSE@ Last traded at 6431.
I see excellent support for FTSE in the region of 6384 & 6249+-. So going ahead its likely to take support in the above mentioned area and bounce back.
If closes below 6249 then it becomes further weaker where on the downside it could see level of upto 6116 & 5900 maxx.
@ DAX @ Last traded at 9005.
Right now at its strong support area of 9000. Chances of bounce are much higher from current level however below 9000 it gets weaker where on the downside it could level of upto (S1) 8675/8622 & (S2) 8400 maxx where its likely to take support & bounce.
S stands for support.
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