Equity snapshot (indices)

Equities are trading in red as big buying as hit market as fear of Greek contagion subsided. Performance this week at a glance in chart & table -

S&P 500 -

• S&P has sharply bounced from 2070 area. Today's range 2095-2071.
  
• Building permits rose to 1.275 million from 1.140 million, but housing starts dropped to 1.036 million from prior 1.165 million.
  
  
• S&P is awaiting to take further cues from FED policy.
  
  
• S&P 500 is currently trading at 2094.5. Immediate support lies at 1980, 2040 and resistance 2164.

FTSE -

• FTSE has broken below key support area of 6700, however bounced back sharply. Today's range 6720-6650. FTSE is facing key support level test as FED approaches.
  
• Further downside remains open. Though FED policy move will decide further move.
  
  
• FTSE is currently trading at 6710. Immediate support lies at 6050 and resistance at 7000.                                 

DAX -

• DAX has bounced back sharply and is in the process of forming a hammer in daily chart.

• DAX is currently trading at 11060. Today's range 10800-11075. Immediate support lies at 10730, 10500 and resistance at 11500 around.

EuroStxx50 -

• Stocks across Europe are all trading in green today bouncing back from massive selloffs.

• Germany is up (+0.55%), France's CAC40 is up (+0.5%), Italy's FTSE MIB is up (+0.3%) and Spain's IBEX is up (+0.25%).

• EuroStxx50 is currently trading at 3457, up +0.20% today. Support lies at 3450, 3300 and resistance at 3760.

Nikkei -

• Nikkei is struggling as yen remains relatively strong after Kuroda comments.

• Nikkei is currently trading at 20260. Key support is at 19500 and resistance at 20900 area.