Dow Jones

DOW JONES INDEX
The Dow jones has been in a broadening triangle for a long time time now , however recently the index has failed to touch it upper line. Which indicates some tiredness in amongst the bulls and the fact that $index has been showing strength off late doesn't help the bulls much.
Coming to support and resistances
the recent high of 10512 which is proving to be a resistance off late was created on a sudden spike in volume, which means a lot of traders bought on that day, hence the index has to clear the high with same or more volume to get into upthrust mode,also there is -ve divergence on MACD.
Supports are at 50DMA which is at 10183 and minor support at 10225. a fall below 10183 will more or less set up Dow to test it 100 DMA at 9845.

How the Dow behaves will have important implication for our own nifty
as nifty has been under performing the dow for quite some time a fall in Dow will result in more fall in nifty and as long as Dow doesn't clear its recent resistance of 10512 it is difficult for nifty to clear 5182.

So the levels to watch are 10183 in DOW