Thursday 6 October 2011

WORLD MARKET UPDATE- 06 OCT 2011 WORLD INDEX TECHNICAL ANALYSIS

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"Now days in bear phase of market, small- bull rally is expected twice in month-but all rally is manipulative-just trade with market trend and trading levels"

"WORLD INDICES WILL NOT GOING TO CORRECT BY 10%-20% DOWNSIDE FROM CURRENT LEVELS, IF CORRECTED  BY 5%-10% -GOOD OPPORTUNITIES TO  MAKE BUYING POSITION"

06/10/2011 INTRADAY TRADING LEVELS
FTSE 100
Dow Jones
S&P500
Nasdaq 100
Gold
BULL RALLY
5298.36
11163.7
1176.46
2268.5
1683.6
UP BREAKOUT
5232.96
11089.1
1165.65
2239.92
1669.7
SELL
5167.57
11014.6
1154.84
2211.35
1655.7
PIVOT
5056
10876.3
1135.26
2158.98
1627.9
BUY
4990.61
10801.8
1124.45
2130.41
1613.9
DOWN BREAKOUT
4879.04
10663.5
1104.87
2078.04
1586.1
BEAR RALLY
4813.65
10589
1094.06
2049.47
1572.1

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