Market Analysis of NSDQ on Monday 4 September 2023

2023-09-04 12:31Source:BtcDana

NSDQ TECHNICAL ANALYSIS SHORT TERM VIEW     

 NSDQ has strong support 15372 TO 15146 levels as immediate support and major support 14850 to 15041levels .It has made double zigzag correction from top and its main target is 15932 level as shown in graph . Trend is positive so buying can be done with stop loss 15230 expecting 15540, 15570 and 15600 levels respectively for intraday and positionally we can expect 15932 target very soon.

 QUICK FUNDAMENTAL LOOK                                                                     

U.S. stocks weekly: Fitch glitch,This as traders react to Fitch downgrade of U.S., brace for earnings, big data, eye key SPX chart levels.Nearly every sector tripped up; utilities and tech have biggest malfunctions, while just energy works for the week

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

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