World Index Technical Analysis
SUMMARY:
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 |
Index
|
Value
|
Net Change
|
16,912.29
|
+122.10
|
|
1,995.83
|
+15.91
|
|
4333.46
|
+42.8
|
|
9,970.40
|
+67.57
|
|
FTSE100
|
6,336.35
|
+10.19
|
4,667.34
|
+6.70
|
|
Nikkei 225
|
18,151.46
|
-171.52
|
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 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 |
