The Dow Jones Industrial Average, S&P 500 and the NASDAQ Composite index fell on Tuesday. The Dow (46,602.98) was down 0.2 per cent. The S&P 500 (6,714.59) and the NASDAQ Composite (22,788.36) fell 0.38 per cent and 0.67 per cent, respectively. The fall on Tuesday indicates the absence of fresh buyers to take the benchmark indices higher. That increases the risk of more falls going forward. So, it is now important to remain cautious.

Dow Jones (46,602.98)

The Dow Jones spiked to a high of 46,868.48 in the initial trade but then fell sharply, giving back all the gains. Key intraday resistances are at 46,620, 46,700 and 46,730. A sustained break above 46,730 is needed to ease the downside pressure. Only then can the Dow rise towards 46,850 and 47,000 again.

Support is around 46,475. As lo

See Full Page