Equity snapshot (indices)

Equities are all trading in red today, driven by massive profit booking at record levels. Performance this week at a glance in chart & table -

S&P 500 -

• US benchmark facing sell offs as weaker than expected retail sales posed doubt over economic strength.
  
• Retail sales growth for March came at 0.9% lower than expected 1.1%.
  
  
• NFIB business confidence dropped in March to 95.2 from prior 98.
  
  
• S&P 500 is currently trading at 2086, might go down to test support near 2040. Immediate support lies at 1980, 2040 and resistance 2120, 2164.

FTSE -

• FTSE gave up gains after testing near 7100 area, flat for the day so far.

• Stronger pound failed to discourage the FTSE bulls today.
  
  
• FTSE is currently trading at 7073. Important support lies at 6700 and resistance around current price towards 7100.    

DAX -

• DAX is down as Euro rose against dollar today, as investors are booking profits ahead of meeting by ECB.
  
  
• Index is trading at 12220, down nearly 1% today. Immediate support lies at 12000, 11830, 11750.

EuroStxx50 -

• Stocks across Europe are in red today. Profit bookings hit before ECB monetary policy.

• Germany is down (-1%), France's CAC40 is down (-1.1%), Italy's FTSE MIB is down (-1.2%) and Spain's IBEX is down (1.50%).

• Consumer prices in Spain and Italy rose by 2% and 2.1% m/m in March.

• EuroStxx50 is currently trading at 3780, down -0.80% today. Broader trend remains upwards. Support lies at 3635, 3545.

Nikkei -

• Profit booking intensified today as Nikkei touched 20000 levels today, almost after 15 years.
  
  
• Nikkei is currently trading at 19820. Immediate support lies at 19630, 18540 and resistance at 20000, 20800.