Market Analysis of NSDQ on Thursday 12 October 2023

2023-10-12 12:56Fonte:BtcDana

NSDQ TECHNICAL ANALYSIS SHORT TERM VIEW    

  NSDQ has strong support 15000 to 15116 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 14900 .Trend is positive now so buying is better with stop loss 14900 expecting upside intraday targets 15330,15360 and 15400 respectively .Positionally target is 16500 with same stop loss 14900.

 QUICK FUNDAMENTAL LOOK                                                                     

Stocks Move Higher as Bond Yields Fall Despite Strong U.S. PPI.Stock gains were also limited by ongoing Middle East turmoil and concerns the conflict could spread after Hezbollah militants launched missiles into Israel from Lebanon. 

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

Mais