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Dow Jones breaks minor trend line support, targets 17650

  • Major intraday support - 17845 (trend line joining 17775 and 17799)
     
  • The index has broken intraday support of 17845 and is currently trading around 17816. Intraday trend is slightly weak a decline till 17760/17650 is possible.
     
  • Dow Jones has made high of 17897 and started to decline from that level.  It should break 17920 (20 th Nov high) for further bullishness and break above targets 17980/18020.

It is good to sell on rallies around 17835-850 with SL around 17980 for the TP of 17755/17650.

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