Market Analysis of NSDQ on Thursday 10 August 2023

2023-08-10 19:49Source:BtcDana

NSDQ TECHNICAL ANALYSIS SHORT TERM VIEW    

     NSDQ  is running in negative  trend  . Wave 1 and wave 2 completed and wave 3 or wave c is going on presently and it is looking for 14917 target  .Stop loss is 15450 and   it can fall directly for 14917 target in form of wave c or wave 3 shown on graph. Immediate resistance are 15250 to 15360 levels marked by red box in graph.It has made irregular correction marked by abc pattern so it can fall below 15095 levels without touch 15450level.Best selling 1 minute calculation are telling to sell above 15235 levels .

 QUICK FUNDAMENTAL LOOK                                                                     

Dow futures rise; inflation data, Disney earnings in focus.U.S. stock futures rose Thursday, helped by positive earnings from entertainment giant Disney and ahead of the eagerly-awaited monthly inflation report.

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

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