Friday 29 July 2011

WORLD MARKET UPDATE- 29 JULY 2011WORLD INDEX TECHNICAL ANALYSIS



29/7/11
FTSE 100
Dow Jones
S&P500
Nasdaq 100
Gold
R3
5,963.54
12,543.0
1,333.48
2,442.63
1,631.1
R2
5,933.43
12,442.0
1,322.54
2,419.01
1,624.9
R1
5,903.32
12,341.1
1,311.61
2,395.39
1,618.8
PIVOT
5,852.45
12,283.9
1,305.38
2,377.63
1,610.7
S1
5,822.34
12,183.0
1,294.45
2,354.01
1,604.6
S2
5,771.47
12,125.8
1,288.22
2,336.25
1,596.5
S3
5,741.36
12,024.9
1,277.29
2,312.63
1,590.4
 FTSE 100
 FTSE OPENDED ABOVE OURPIVOT POINT BUT NOT SUSTAINS AND BREAK OUR S1 LEVEL AND BOUNCE BACK.IF FTSEREMAIN BELOW 5,822.34 LEVEL THEN MAJOR FALL UPTO 5771-5741.36 IS NOT RULED OUT.
DOW JONES
DOW JONES IF SUSTAIN ABOVE OUR PIVOT POINT THEN WILL TRY TOTOUCH 12,341.10 LEVEL BUT IF BREAK 12,183 LEVEL THEN PANIC BEAR RALLY UPTO12125-12024 IS NOT RULED OUT.

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