The Nikkei trend remains positive. The trend is backed by momentum now. It can be considered as basically positive above 10100.

The FTSE has moved up steadily. It however, lacks momentum at present. A move below 5800 can mark short term weakness for the index.

The EMI continues to trend both ways and is failing to find direction. We maintain that this state of affairs can persist for some more time. It is a time to wait on the sidelines. It can rise to 1150 in the meanwhile.