Market Analysis of NSDQ on Wednesday 6 September 2023

2023-09-06 12:48Source:BtcDana

NSDQ TECHNICAL ANALYSIS SHORT TERM VIEW     

 NSDQ has strong support 15372 TO 15240 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 15510, 15540 and 15600 levels respectively for intraday and positionally we can expect 15932 target very soon.1minute chart showing double zigzag correction towards  15628 level so it can sharply rally for 15628 first in intraday or short term.

 QUICK FUNDAMENTAL LOOK                                                                     

Equal-weighted exchange-traded funds (ETFs) have attracted record investments in recent months as signs of an improving U.S. economy .

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

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