European markets report for 20 october 2016

FTSE markets report for 20 october 2016 FTSE future is trading at 7031 with gain. After small correction, ftse resumed rally and this time expect fresh highs up to 710 to 7250 in short terms. On downside 6970 and 6935 are strong support zones as well as fresh buying levels for traders. Ftse weekly chart suggesting if rally holds 7000 level then expect 7400 to 7500 levels in medium terms. dax markets report for 20 october 2016 Dax index last closed at 10631 with gains. This german index has taken support at 10455 and heading for its first target of 10700. A breakout above 10700 means swing target of 11050. On downside 10500 and 10440 are strong support areas. Dax weekly chart is suggesting recovery phase target of 10850 and if breakout happens above it then expect 12300 as a medium to long-term target on the upside. cac markets report for 20 october 2016 CAC index last closed at 4508 with gain. Cac is heading toward the target of 4550 after taking support at major support 4430. Above 4550, cac next target will be 4690. For tomorrow CAC intraday support zones are 4480 and 4440 while on upside expect supply zones at 4520 and 4550. CAC-40 weekly chart suggesting recovery phase target at 4675. Above this level, CAC will change medium to long term trend to the bullish side.

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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.
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