WEEK 28JUL TO 01AUG

There doesn't seem to be great surprises this week. Just run of the mill earnings with usual curiosity to find some "impending disaster" on crude charts or in economic data here and there. The FOMC meet and RBI policy meet is already factored into the markets. So, This week should suffice with details given in our Weekly Outlook and other relevant pages.


WORLD MARKETS
DJIA two opinions:
If it doesn't hold 11150 then negative outlook for near term.Otherwise would be headed towards 12000 again.
The other opinion is that holding 11000 also would do, otherwise could touch down 10700.
FTSE
Should hold support 5300 to move towards 6000 in weeks ahead
NIKKEI
Its Pivot is 13000. Its more likely to be respected, otherwise weakness ahead.
HANGSENG
Breakout points are 23500 and 24500. Breakout on either side determines the course.
SHANGHAI
Breakout points are 2600 and 3000. Breakout on either side determines the course.
BSE SENSEX
If it keeps holding 14100 then targets above 15000 and 15500.