Market Analysis of NSDQ on Wednesday 7 AUGUST 2024

2024-08-07 19:50Source:BtcDana

NSDQ TECHNICAL ANALYSIS SHORT TERM VIEW    



 NSDQ running in positive trend and its immediate strong support are 17940 to19100 level .  Stop loss is 17800 level and it can risel towards 18600 level  . Intraday purpose buying is better for targets 18330,18350 and 18380  levels respectively with stop loss 17800 level . 15 minute chart showing last wave 5 of c wave was extended  so it can sharply rise towards 19500 level in very short term .Overall stop loss 17000 and it ca sharply rise above 20700 level positionally .


QUICK FUNDAMENTAL LOOK  

                                                                 

U.S. stock index futures jumped on Wednesday as risk appetite returned after a steep selloff earlier in the week, with sentiment also getting a boost from cautious comments on interest-rate hikes by an influential Bank of Japan policymaker.


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

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