The Dow Jones Industrial Average witnessed a sharp intraday fall on Monday. The index fell to a low of 46,426.97 in the early trade and managed to recover most of the loss. The Dow was down 0.14 per cent for the day. The S&P 500 and NASDAQ Composite Index, on the other hand, sustained higher levels throughout the day and closed in green. The indices rose by 0.36 per cent and 0.71 per cent, respectively.

Dow Jones (46,694.97)

The intraday bounce on Monday seems to lack strength. Immediate resistance for the Dow today will be at 46,770. It must overcome this hurdle to ease the downside pressure. Only then it can see a rise to 47,000-47,150 during the day.

Failure to breach 46,770 can take the Dow down 46,500-46,400 today.

Supports : 46,500, 46,400

Resistances : 46,770, 47,000

S&P 500

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