Market Analysis of NSDQ on Thursday 3 OCTOBER 2024

2024-10-03 12:24Source:BtcDana

NSDQ TECHNICAL ANALYSIS SHORT TERM VIEW    


 NSDQ running in negative trend and its immediate strong resistance are 19620 to 19877 level .  Stop loss is 20300 level and it can fall towards 18300 level minimum because of irregular correction made on 5 minute chart .Intraday purpose selling is better for targets 19740,19710 and 19680 levels respectively with stop loss 20300 level. 5 minute chart showing double zigzag correction from 19600 level so it can fall sharply below 19600 level .


QUICK FUNDAMENTAL LOOK                                                                    


Wall Street was poised for a slightly lower open on Wednesday after geopolitical tensions in the Middle East and a domestic port strike left investors nervous, while a survey allayed concerns about a rapid cooldown in the labor market.


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

More