World Market
World Market:-
US Market:-
1.Dow Jones :- All RSI above 60 + All time high but daily has multiple bearish diversion which are some concern point.
2.S&P 500 :- All RSI above 60 + All time high but daily has multiple bearish diversion which are some concern point.
3.NASDAQ 100 :- All RSI above 60 + All time high but on daily at resistance which are concern point.
4.Nikkei (Japan) :- All RSI above 60 + All time high but current week candle not crossed last week candle and also on daily has one resistance once its crossed then good .. which are concern points.
5.Kospi ( South korea):- Side way Monthly ,Weekly between 40 and 60 and Monthly at major resistance . daily above 60 + BB squeeze breakout once its cross resistance then good.
6.Hang Seng ( Hong Kong):- This market is not Good monthly and weekly RSI below 40 and daily between 40 and 60 but has 20 MA resistance
7.SSE( China):- This market is not Good monthly and weekly and daily RSI below 40 .
8.DAX ( Germany):- Looks good as all RSI above 60 but at resistance once its crossed its good for this market.
9.FTSE 100 ( London):- Side market as RSI moving between 40 and 60 .
10.CAC 40 ( FRANCE) :- Monthly RSI above 60 but at resistance once its crossed its good for this market. Daily and Weekly sideways .
11.ASX 100 index(Australia):- Monthly RSI in between 40 and 60 but weekly and daily Looks good as both RSI above 60 but at resistance once its crossed its good for this market.
Note: -
1. Uptrends: - Dow Jones but daily has multiple bearish diversion, S&P 500 but daily has multiple bearish diversion, NASDAQ 100 but on daily at resistance, Nikkei but on daily at resistance , Germany but on daily at resistance
2. Sideways: - South korea , FTSE 100 , CAC 40 , Australia
3. Downtrend: - Hong Kong and China
Conclusion:- Major world market showing improvement compare to last week but on daily has some concern like at resistance or multiple bearish diversion.
Currency Market: -
1. US Dollar index :- Monthly and Weekly RSI in between 40 and 60 but daily above 60
2.USD INR:- Side ways as RSI in between 40 and 60 on Weekly and daily on monthly RSI above 60 but not crossing the 84 price from many months.
Conclusion: - US dollar price and USDINR are side ways as dollar price not increasing which are good for Indian market
Commodity market:-
1.Gold:- Median and Short term side ways but on daily has PRS which are concern point.
2.Silver:- All 3 time frame side ways
3.Copper:- long ,medium and daily time frame Sideways
4.Crude Oil:- long , medium and short time frame Sideways.
Conclusion: - Looks like all Commodity shares moving side .
Overall Conclusion:- Most of world market index on daily has some concern but long term and medium term looks good.
US Market:-
1.Dow Jones :- All RSI above 60 + All time high but daily has multiple bearish diversion which are some concern point.
2.S&P 500 :- All RSI above 60 + All time high but daily has multiple bearish diversion which are some concern point.
3.NASDAQ 100 :- All RSI above 60 + All time high but on daily at resistance which are concern point.
4.Nikkei (Japan) :- All RSI above 60 + All time high but current week candle not crossed last week candle and also on daily has one resistance once its crossed then good .. which are concern points.
5.Kospi ( South korea):- Side way Monthly ,Weekly between 40 and 60 and Monthly at major resistance . daily above 60 + BB squeeze breakout once its cross resistance then good.
6.Hang Seng ( Hong Kong):- This market is not Good monthly and weekly RSI below 40 and daily between 40 and 60 but has 20 MA resistance
7.SSE( China):- This market is not Good monthly and weekly and daily RSI below 40 .
8.DAX ( Germany):- Looks good as all RSI above 60 but at resistance once its crossed its good for this market.
9.FTSE 100 ( London):- Side market as RSI moving between 40 and 60 .
10.CAC 40 ( FRANCE) :- Monthly RSI above 60 but at resistance once its crossed its good for this market. Daily and Weekly sideways .
11.ASX 100 index(Australia):- Monthly RSI in between 40 and 60 but weekly and daily Looks good as both RSI above 60 but at resistance once its crossed its good for this market.
Note: -
1. Uptrends: - Dow Jones but daily has multiple bearish diversion, S&P 500 but daily has multiple bearish diversion, NASDAQ 100 but on daily at resistance, Nikkei but on daily at resistance , Germany but on daily at resistance
2. Sideways: - South korea , FTSE 100 , CAC 40 , Australia
3. Downtrend: - Hong Kong and China
Conclusion:- Major world market showing improvement compare to last week but on daily has some concern like at resistance or multiple bearish diversion.
Currency Market: -
1. US Dollar index :- Monthly and Weekly RSI in between 40 and 60 but daily above 60
2.USD INR:- Side ways as RSI in between 40 and 60 on Weekly and daily on monthly RSI above 60 but not crossing the 84 price from many months.
Conclusion: - US dollar price and USDINR are side ways as dollar price not increasing which are good for Indian market
Commodity market:-
1.Gold:- Median and Short term side ways but on daily has PRS which are concern point.
2.Silver:- All 3 time frame side ways
3.Copper:- long ,medium and daily time frame Sideways
4.Crude Oil:- long , medium and short time frame Sideways.
Conclusion: - Looks like all Commodity shares moving side .
Overall Conclusion:- Most of world market index on daily has some concern but long term and medium term looks good.
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