cac 40 premarket view 15 may 2013

cac 40 premarket view 15 may 2013

cac 40 index last closed at 3966 with gains.after breakout at 3760 we seen 300+ points run here and still continuing it.on daily chart cac 40 index  week average is 3945 is first support on downside.below that 3855 is month average and 3780 is 3 month average and last support of this short term bull run.indicators technical still supporting rally and suggesting momentum will continue in favor of bulls.

in European indices,cac 40 index gained almost 7% in 1 month and second best performing market in euro zone.Germany dax showing 8%+ gains while ftse and ibex showing over 5.5% gains.

here if cac 40 index  closed above 3970 then expect 4070-4080 as next target for month of may 2013.3970 still act as strong resistance on chart.on downside 3920 is small support and stoploss for long side traders on closing basis.

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
COPYRIGHT © 2009-2018. Pramod Baviskar. Dalal street winners advisory and coaching services. FAQ | Disclaimer | Privacy Policy

This website is best viewed using Microsoft Internet Explorer 9 or higher, and/or latest version of Google Chrome and Mozila Firefox browsers.