Market Analysis of NSDQ on Wednesday 18 October 2023

2023-10-18 18:38Source:BtcDana

NSDQ TECHNICAL ANALYSIS SHORT TERM VIEW     

 NSDQ has strong support 15000 to 15128 levels as green box marked in graph .At 15930  level double zigzag correction  formed so it can sharp rise for 15930  level and overall stop loss for uptrend is 14890 .Trend is positive now so buying is better with stop loss 14890 expecting upside intraday targets 15110,15130 and 15150 respectively .Positionally target is 16500 with  stop loss 14300.

 QUICK FUNDAMENTAL LOOK                                                                     

Futures for Wall Street's main indexes dipped on Wednesday as growing tensions in the Middle East spurred demand for safe-haven assets, while investors monitored earnings reports for impact of inflation and higher interest rates.

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

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