US Indices Edged Lower On Monday

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US Indices edged lower on Monday on the heels of strong gains in the prior week, as investors weighed fluctuations in the dollar and its impact on other markets. The Dow Jones industrial average fell 11.61 points, to 18,116.04, the S&P 500 lost 3.68 points, to 2,104.42 and the Nasdaq Composite dropped 15.44 points, to 5,010.97. In Europe, Greece was in the spotlight as Greek and German leaders meet amid tensions over Athens' bailout program. Markets, the CAC and Dax were lower but FTSE outperformed. FTSE 100 finished the session up 15.16 point at 7,037.67, surpassing the previous all-time closing high. On other side Germany's Dax 30 in particular dropping 143.53 points, to 11895.84 after reaching record highs last week and CAC 40 also lost 32.97 points to 5054.52. Asian markets are mostly lower on Tuesday, tracking the weak cues from data showed that the manufacturing sector in China, dipped into contraction territory in March. Following that the Nikkei 225 index is declining 50.52 points, to 19,703.84. Hang Seng 50 too lost 135.51 points, to 24359.00 during first half of trading session and Only SPI/ASX 200 Index is up 22.00 points, to 5,978.10.

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Market View:

Index	Value	Net Change
DAX 30	11,895.84	-143.53
FTSE 100	7,037.67	+15.16
CAC 40	5,054.52	-32.97
Dow Jones30	18,116.04	-11.61
S&P500	2,104.42	-3.68
Nasdaq 100	5,010.97	-15.44
Nikkei 225	19,732.05	-22.31
S&P/ASX 200	5,973.50	+17.36
Hang Seng 50	24,359.00	-135.51

S&P/ASX 200 Future (1 HOURLY )

SUMMARY:
 

The S&P ASX 200 is in major up trend and it has shown small correction to 5925 in last few day trading session. Now Index traded with positive biasness and gaining more strength. It is likely to show northward movement in upcoming session it can cross 6000 psychological resistance mark.
Targets of 6050 and 6150 can be seen in upcoming trading session. Support has been found at previous significant low at 5900 on intra day chart. Index futures trading with support of 50 DMA in 1 hourly charts.
 

INDICATORS: 

Indicators also supporting the same upward movement in upcoming session. As RSI is sustaining above of 50 mark. Index on intra day chart have bullish cross over of 50 DMA and 200 DMA, Which would create good buying opportunity in the stock. ADX is placed at 25 mark with +DI closed above the -DI.

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