The Dow Jones Industrial Average , S&P 500 and the NASDAQ Composite indices witnessed a volatile session on Tuesday. The indices opened the day with a wide gap-down but then bounced back during the day. The Dow Jones managed to recover all the loss and closed the day higher by 0.44 per cent. The S&P 500 and the NASDAQ Composite on the other hand were down 0.16 per cent and 0.46 per cent respectively.

Dow Jones (46,277.30)

The price action on Tuesday indicates that the Dow has failed to get a strong follow-through rise above 46,500. Intraday support will now be at 46,170. Break below it can take the index down to 46,000 during the day initially. A further break below 46,000 can then drag it down to 45,500-45,400 again.

Resistance for the day will be at 46,400. The Dow has to breach

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