World Major Indices Tracker

[aravinthrajm]

FTSE (LTP - 6510.44)

FTSE is exactly standing in the mid point which is a major trend deciding point. Any consecutive close below 6500 would be fatal for the UK Markets. Upside is limited to 6533, 6585 and 6600. Only on a close above 6600 would bring in some relief to the Markets.​

 

[Sergio77]

FTSE (LTP - 6510.44)

FTSE is exactly standing in the mid point which is a major trend deciding point. Any consecutive close below 6500 would be fatal for the UK Markets. Upside is limited to 6533, 6585 and 6600. Only on a close above 6600 would bring in some relief to the Markets.​

Fatal? Do you mean UK markets no more?

 

[aravinthrajm]

Not exactly "No More". Below the key price, markets would be under pressure and would be in the hands of Bears. I would be updating the post as and when there is momentum happening.

 

[aravinthrajm]

A major trend line lies at 15420 which would be the trend setter for the months coming ahead. Consecutive close below 15420 would attract more selling in the markets. On the upside, Dow Jones has resistances at 15750 and 15960. On closing basis if Dow Jones could hold 15960 then Bears would be squeezed out of the markets in short term.