European stocks ended mostly
lower on Monday as soft Chinese data over the weekend. France's CAC
40 was down by 30.57 points to 4,518.15 and Germany's DAX 30 ended on
flat note at 10,131.74 with minor gain of 8.18 points. FTSE 100 also
close at negative note 6,084.59, with net loss of 33.17 points. US
stocks retreated on Monday as investors remained jittery ahead of the
all-important Federal Reserve meeting later this week. The Dow Jones
30 ending down by 62.11 points to 16,30.96. The Nasdaq 100 lost 16.06
points to 4,308.76 and the S&P 500 was also down by 8.02 points
to 1,953.03. Asian markets are trading on mix today after
disappointing China factory data fueled worries about the country's
flagging economy. Hang Seng 50 is down by 43.90 points to 21,518,
ASX200 is down by 43.90 points to 5,025.20. Nikkei 225 was only Index
which manage to trade on positive note at 18,112.13 with net gain of
146.43 points.
Index
|
Value
|
Net Change
|
16,370.96
|
-62.13
|
|
1,953.03
|
-8.02
|
|
4,308.76
|
-16.6
|
|
10,131.74
|
+8.18
|
|
FTSE100
|
6,084.59
|
-33.17
|
4,518.15
|
-30.57
|
|
Nikkei 225
|
18,112.13
|
+146.43
|
5,025.20
|
-71.27
|
|
Hang Seng50
|
21,518.00
|
-43.90
|
Pivot
Points
| Index | FTSE 100 | DAX 30 | CAC 40 | Dow Jones30 |
S&P
500
|
Nasdaq
100
|
S&P/
ASX200 |
Hang Seng50 | Nikkei 225 |
R3
|
6,288.9 | 10,350.3 | 4,669.94 | 16,557.6 | 1,976.09 | 4,372.38 | 5,193.1 | 22,056.0 | 18,650.5 |
R2
|
6,240.3 | 10,287.8 | 4,644.27 | 16,504.3 | 1,969.58 | 4,353.66 | 5,162.8 | 21,909.1 | 18,497.3 |
R1
|
6,162.5 | 10,209.8 | 4,596.49 | 16,437.6 | 1,961.30 | 4,331.21 | 5,129.6 | 21,735.5 | 18,231.5 |
PIVOT
|
6,113.9 | 10,147.3 | 4,570.82 | 16,384.3 | 1,954.79 | 4,312.49 | 5,099.3 | 21,588.6 | 18,078.3 |
S1
|
6,036.1 | 10,069.3 | 4,523.04 | 16,317.6 | 1,946.51 | 4,290.04 | 5,066.1 | 21,415.0 | 17,812.5 |
S2
|
5,987.5 | 10,006.8 | 4,497.37 | 16,264.3 | 1,940.00 | 4,271.32 | 5,035.8 | 21,268.1 | 17,659.3 |
S3
|
5,909.7 | 9,928.8 | 4,449.59 | 16,197.6 | 1,931.72 | 4,248.87 | 5,002.6 | 21,094.5 | 17,393.5 |
Major trend of Dow Jones
30 is side on daily charts. It has accumulated strongly at the
support of 16,200 support. An upside movement in upcoming session is
expected. It has been forming an ascending triangle and it has given
closing above 50 DMA and 200 DMA on hourly charts. Appearance of
golden cross of 50 DMA over 200 DMA would indicate good buying
opportunity in this Index. On lower side it has support level of
16,100. On higher side if it managed to upside break out from 16,500
then it can test next resistance level of 16,800.
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 35 mark. If it sustain above the same then
index would come in positive territory with positive DI has crossed
up negative DI .
