Market Analysis of NSDQ on Monday 6 May 2024

2024-05-06 18:31Source:BtcDana

NSDQ TECHNICAL ANALYSIS SHORT TERM VIEW     

 NSDQ  is running in positive  trend and its immediate  strong support are 17685 to 17782 level .Intraday purpose buying is better with stop loss 17650 expecting intraday target 17960,17985 and 18020 level respectively.It can rise  to 18050 level without touch 17650 level directly .Trend is positive and it can rise towards 18500 target until this support holds.

 QUICK FUNDAMENTAL LOOK                                                                     

U.S. stock index futures edged higher on Monday, pointing to more gains on Wall Street, as traders priced in a higher chance of the Federal Reserve cutting interest rates this year.

 POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

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