Dow : likely to close below the 11937 Level

A Small positive move was expected in the us market from the technical viewpoint and also expecting that Dow will close above the  11937 the 200 day S.M.A. . this level is impotent because the move's direction will be clear after the market closes. the 200 ma level is a break even point for both parties . and other side the support level is 50 sma so currently we can say us market is facing the consolidation but i am looking buying opportunity   in us and Indian market also if Dow closes above the 11937.
                  as i seen positive divergence in nifty and the inverted hammer doji in Dow the expectation is going to show the impact and now i expect that Dow will close in green and also near the 119320-37 level.

till then Ba by.








Thanks
_____________________
Mr. Yuvraj Kalshetti.
my trading corp.
Shop no. 3, Kalshetti Complex,
Saraf line , Omerga, 413606
02475 - 251888

Posted in: Daily