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.

Click here for a FREE Trial

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 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 .

Click Here to get Daily Index Reports

                                                           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

Technical Analysis of World Indices for Tuesday, September 15 2015

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
Dow30	16,370.96	-62.13
S&P500	1,953.03	-8.02
NASDAQ100	4,308.76	-16.6
DAX 30	10,131.74	+8.18
FTSE100	6,084.59	-33.17
CAC 40	4,518.15	-30.57
Nikkei 225	18,112.13	+146.43
S&P/ASX200	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

Daily Indices Technical Analysis Subscribe Now

Today's Chart: Dow Jones 30 ( 1 Hourly chart)

TECHNICAL ANALYSIS:

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 .