Technical view by Nooresh

Dow Jones technical View !!

As written in the previous post on Dow Jones...Global concerns will be taken care of around 12800 -12900 .. We did see an intra day dip below those levels on the index but did not close below those levels .. Later in a few days we see statements on fed cuts etc etc .. ( concerns taken care of )

DO check the previous views on DOW JOnes as i write very less on it :)

Current view : The index seems to be in a short term downward channel as shown in the chart .. Should face resistance at 13600 areas .. 2-3 sessions above that would lead to fresh buying and can test higher highs,, Ideally a consolidation would be seen in the range of 13100-13600 unless we close above the levels... Long term chart remains good only and intermediate trend remains bullish till 12800 holds ..




Article by Nooresh Merani

Nooresh has written 2531 articles.

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