An informative content for capital market traders those who trade in index and index constituents of Dow Jones, Nasdaq, S&P 500.

DowJones(DJ) gained marginally last week to close at 8800. Last week DJ has closed above 8757 which shows the Bullishness for the coming week. For the week lying ahead, as long as DJ closes above 8770 the index would be pushed up to 8945-9013-9043. Strong Resistance is placed at 9013-9043. Only a decisive close above 9043 will decide further up move. Else a possible correction is expected at that level. If DJ closes below 8750 then we are headed for 8625-8450-8400. 8400 is a crucial support. This week also 8400 will act as a possible bounce back area.

NASDAQ gained marginally last week to close at 1858. Last week NASDAQ has closed above 1848 which shows the Bullishness for the coming week. For the week lying ahead, if NASDAQ closes above 1855 then we are set to move higher till 1890-1913-1922. Strong Resistances are placed at 1890-1922. If NASDAQ closes below 1844 then we are set to move down till 1824-1810-1791-1781. Higher possibility of a bounce back from 1780 seems clear and the undertone for the short term is Bullish.

S&P500 closed strong above 945 which is crucial level for the index. For the week lying ahead, as long as S&P closes above 945 then we are set to test 960-970-973-986. Strong Resistances are placed at 970-986 levels. A possible correction is set to take place at these levels. Undertone for the short term is bullish. If S&P closes below 938, then we may test 930-913-905. Strong Support is placed at 905 and a bounce back from 905 is quite possible.