By : Anirudh Babbar
Dow Jones - U.S
Dow Jones on Technical basis is looking weak. Several close above 11400 are needed to ensure Some upside in Market. Right now trading Round 10200 ( 3rd june 2010) is heading forward to cross 10000 barrier. Well Dow Jones don't show high Up's and Down's , so we expect it might take some time to Drop down. On the Down Side 9300-8700-8100 are Looking out to be targets for future. On the Upper side 10600-11300 can be the testing points.
For S&P 500 index 1066-1025-1010-946 are looking out to be Downside Targets. While on the Upper side 1135-1144 will lead to 1200 in one shot. S&P is Right now trading at 1100.
Sensex - India
For sensex 15790 is visible in short term. At this moment sentiments are bad, and no special news is looking on the card to take care of indian markets. Last week(23rd may) was worst for Rupee in almost 15 years and sensex even lost around 3.2 percent.
For Indian markets to go into a bear rally still they have to break 13700 level. It means that market had to loose another 10 percent to show Real Downtrend. Over and above that there will be only small UP's and DOWN's . Sensex had already lost 10 % of it's 2010 high's and we expect some technical up's and down's before the final Rally . One can not predict the future of Stock Market , But Till Sensex is above 13700 , we should not start short selling.
For a short Term Prespective of around 15 working sessions, we advice to start buying around 15800 with a stop loss of 15500 and a target of 16800-17000.
The Stock Tips and recommendations given in this news letter is for information purpose only. No representations can be made that the tips given here will be profitable or that they will not result in loss.Trading involves considerable risk. The Tips in our news letter are given with the understanding that readers acting on this information assume all the risks involved and that they are trading at their own risk. The above recommendations are based on the theory of technical analysis and they do not reflect the fundamental validity of the stocks/securities. Easy way 2 finance shall not be responsible for any loss incurred for acting on the tips given above
