Thursday, 8 October 2015

World Index Technical Analysis as on Thursday, October 08 2015

World Index Technical Analysis
European stocks edged higher on Wednesday. The benchmark Germany's DAX 30 gain 67.57 points higher to 9,970.40 and France's CAC 40 gain 6.70 and closed at 4,67.34. FTSE 100 also close at positive note 6,336.35 with net gain of 10.19 points. US markets rallied early on Wednesday, taking the lead from worldwide equity markets, the Dow Jones 30 hit its three month high level. The Dow Jones 30 gain 122.10 and closed at 16,912.29. The Nasdaq 100 was up by 42.80 points to 4,333.46 and the S&P 500 ended 15.91 points up at 1,995.83.



World Index Technical Analysis
World Index



Index
Value
Net Change
Dow30
16,912.29
+122.10
S&P500
1,995.83
+15.91
NASDAQ100
4333.46
+42.8
DAX 30
9,970.40
+67.57
FTSE100
6,336.35
+10.19
CAC 40
4,667.34
+6.70
Nikkei 225
18,151.46
-171.52
S&P/ASX200
5,212.60
+14.73
Hang Seng50
22,326.00
-189.76






Today's Chart: DAX 30


SUMMARY:


Major trend of DAX 30 is side on daily charts. It has accumulated strongly at the support of 9800 . It has breakout from triple bottom and now it is trading with neck line support of 9800. An upside movement in upcoming session is expected as it has also shown golden cross. Currently trading with support of 50 DMA and 200 DMA on hourly charts with bullish cross over of 50 DMA to its 200 DMA. On higher side it can test the level of 10,200, it manages to close above 9960. On lower side it has support level of 9800.

DAX30 Technical Analysis
DAX30 Technical Chart


INDICATOR:

RSI is about to cross up the 50 mark on hourly chart time frame. On ADX is likely to move up with strong accumulation on chart. ADX trading above 25 mark. If it sustain above the same then index would come in positive territory with positive DI has crossed up negative DI .


                                                           Pivot Points

Index FTSE 100 DAX 30 CAC 40 Dow Jones30 S&P
500
R3 6458.4 10225.54 4789.69 17193.7 2009.99
R2 6427.3 10159.32 4759.99 17078.5 2000.81
R1 6381.9 10064.86 4713.67 16995.4 1990.36
PIVOT 6350.8 9998.64 4683.97 16880.2 1981.18
S1 6305.4 9904.18 4637.65 16797.1 1970.73
S2 6274.3 9837.96 4607.95 16681.9 1961.55
S3 6228.9 9743.5 4561.63 16598.8 1951.1

Index Nasdaq
100
S&P/
ASX200
Hang Seng 50 Nikkei 225
R3 4421.01 5276.8 23467 18323
R2 4381.8 5248.4 22997.4 18323
R1 4357.63 5207.9 22756.6 18323
PIVOT 4318.42 5179.5 22287 18323
S1 4294.25 5139 22046.2 18323
S2 4255.04 5110.6 21576.6 18323
S3 4230.87 5070.1 21335.8 18323