Uaestockmarket
Dubai Stock Market IndexDubai Financial Market is still bullish and more upside is expected after a small correction. Any dip from now is a buying opportunity(shares) at the same time keep a close watch on FED's statement about its monetary policy which will effect financial markets over the globe.
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Market At Crucial LevelOver all market is bearish for now and its at a critical zone, there are 2 scenarios from here.
1) Market breaks the resistance levels of 3236.45,3282.50 & the major resistance of 3360. Market will struggle to break the resistances and come into BULL territory below 3360 market will be considered in Bear zone.
2) Market will go further down to retest 3120 which is a strong support area it can also go further down from here!!
Tomorrow I am expecting it to be a Big green day hopefully but nothing bullish about it. Quick entry & exits are recommended, take your profits home!!
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Ready AgainDIC is ready to fly again after making a fantastic move to the upside, if we can get a entry around 2.10 we can have a tight stop loss with good Risk Management. Also if I combine this setup with FIBO its giving us a good entry place at the golden ratio. Looking very bullish!!
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Lets GoIf emaar is positive tomorrow with emiratesnbd I think market will cross 3200 and it will be considered as a good closing for the week. Also emaar can lead other real estate stocks along with smallies. For now we can see 2 successful bounces from the support zone and its been climbing up for the last 3 days. I am positive it will give market a good push.
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