Technical Analysis
It is running in positive trend and it is running in wave 3 or wave 5 so it can jump towards 35000 levels sharply .Important support 33653 to 33900 level as shown in graph Stop loss is 33450 and it can jump towards 35000 . From top level of 34500 it has made complex correction marked by ABC in graph so it can sharply rally over 34500 firstly then 35000 should come easily.
Fundamental Analysis
US stock futures steadied on Thursday after the market suffered heavy losses following Federal Reserve Chair Jerome Powell’s testimony before Congress. Powell said more rate hikes are likely ahead to combat inflation, pushing back against bets the central bank was close to the end of its tightening cycle.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.
