Market Analysis of NSDQ on Tuesday 27 AUGUST 2024

2024-08-27 18:40Source:BtcDana

NSDQ TECHNICAL ANALYSIS SHORT TERM VIEW    


  NSDQ running in positive trend and its immediate strong support are 19000 to 19320 level .  Stop loss is 19000 level and it can rise towards 20000 level  . Intraday purpose buying is better for targets 19610,19640 and 19700  levels respectively with stop loss 19000 level . At level of 19937 there is double zigzag correction formed so NSDQ can rise in short term above 19937 level .


QUICK FUNDAMENTAL LOOK  

                                                                 

U.S. stock index futures inched higher on Monday, with the markets focused on results from AI-darling Nvidia and a key inflation report due later in the week, while investors remained optimistic about a September rate cut from the central bank.


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

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