A TECHNICAL SNAPSHOT ON IMPORTANT AMERICAN INDICES ( 12-4-2015)

DOW JONES INDUSTRIAL AVERAGE   CLOSED AT 18057.65 ON 10-4-2015)

1. Support:-17823 / 17585 / 17243 / 17067 / 17037.

2. Resistance:-18103.45 / 18205.93 / 18288.63.

3. All Time High:-18288.63 made on 2-3-2015.

4. Trend:- In long term up trend.

5. Valuable Support now exist at:-17585.

6. Tough Resistance Range:-18075—18289.

7. Critical Points For 2015:- 18103.45 & 17823. Avoid fresh long call below 17823.

8. Short Term Moving Average Range:-17955-17860(it changes every day with price movement), get alerted in long trade below 17955 and exit trade below 17860.

9. Medium Term Moving Average Range:-18008-17618(it changes every day with price movement) avoid long trade below 17618.

10. Long Term Moving Average Range:-17685--17278(it changes every day with price movement) below 17685 long term up trend will be threatened and consistently trading below 17278 mark will put the up- trend in real danger. Therefore if up trend is to remain intact it cannot afford to stay below the upper range of the average for a longer time period even if it breaks it.

NASDAQ COMPOSITE              (CLOSED AT 4995.98 ON 10-4-2015)

1. Support:-4948 / 4880.23 / 4842.80 / 4825.93 / 4814.95 / 4760.24 / 4736.05.

2. Resistance:-5008.57 / 5042.14 / 5132.52.

3. All Time High:- 5132.52 made on 10-3-2000.

4. Trend:- In long term up trend.

5. Valuable Support now exist at:-4825—4814.95.

6. Tough Resistance Range:-5042.14---5132.52

 7. Critical Points For 2015:- 4814.95 / 4760.24 / 4736.05. Get alerted in long trade below 4814.95 and avoid fresh long call below 4736.05.

8. Short Term Moving Average Range:-4941--4920(it changes every day with price movement), get alerted in long trade below 4941 and exit trade below 4920.

9. Medium Term Moving Average Range:-4946--4773(it changes every day with price movement) avoid long trade below 4773.

10. Long Term Moving Average Range:-4760---4613(it changes every day with price movement) below 4760 long term up trend will be threatened and consistently trading below 4613 mark will put the up- trend in real danger. Therefore if up trend is to remain intact it cannot afford to stay below the upper range of the average for a longer time period even if it breaks it.

S&P 500 INDEX      (CLOSED AT 2102.06 ON 10-4-2015)

1. Support:-2073.30 / 2045.50 / 2039.69.

2. Resistance:-2093.55 / 2114.86 / 2119.59 / 2170.

3. All Time High:- 2119.59 made on 25-2-2015.

4. Trend:- In long term up trend.

5. Valuable Support now exist at:-2058.90—2039.69.

6. Tough Resistance Range:-2093.55--2119.59—2144.

7. Critical Points For 2015:- 2093.55 & 2058.90, get alerted in existing long calls below 2093.55 and avoid fresh long call below 2058.90.

8. Short Term Moving Average Range:-2082---2074(it changes every day with price movement), get alerted in long trade below 2082 and exit trade below 2074.

9. Medium Term Moving Average Range:-2090---2044(it changes every day with price movement) get alerted in long trade below 2090 and avoid long trade below 2044.

10. Long Term Moving Average Range:-2050--2000(it changes every day with price movement) below 2050 long term up trend will be threatened and consistently trading below 2000 mark will put the up- trend in real danger. Therefore if up trend is to remain intact it cannot afford to stay below the upper range of the average for a longer time period even if it breaks it.

Please note that profit should also be booked in trade from time to time at the appropriate points so that you can take advantage of the market swings.

Kindly also note that make your cost your stop loss in favorable  trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view.

Note: Price stated here is of spot market.

Contact me for strategic guidance to enter and exit the trade.