Nasdaq
time to take your bets on nasdaq NASDAQ:NDX
my first target is 12800
fourth down move completed on daily need confirmation on weekly time frame rsi bullish on daily so i will be buying any pullback on nasdaq
the whole down move was a correction if this level holds (retracement ) level marked on the chart and if all pieces of puzzles are put correctly 20000 on nasdaq is not very difficult only condition the level of the 10440 should not break
Keep Eye On Nasdaq100Nasdaq Daily Chart Analysis
Plotted = Fib + Upar Trend Line + Consolidation Zone Area
Currently Nasdaq in Correction Period , Deciding the bottom of the correction
Every Lower Point is important for buyers for long term investment
NASDAQ spot cmp 11179Index have historical resistance around 1186-11230 range , where index have made top and reversed , so if same resistance levels is respected , index will give sharp fall of 600-800 points fall from resistance zone.
view gets negated above 11250 on daily closing basis
keep watch index is at resistance juncture..
Dow jones Can resume his down trend ?Dow jones:- As per chart it is trading in down trend. Now reach to upper most potential resistance Zone 32400-32800. yesterday a inverted hammer candle come which is sign of rejection or reversal.
It may be correct quickly 1000-1500 in 2-3 days and also more pain come on chart soon. Nifty and B-nifty also feel pressure from global cues.
THE FED HAWKISH PLAN STILL IN CONTROL!!!With the ease and positive economic data last week, market sentiment still believe the FED hawkish plan still holding.
technically, this may hold for sometime and may be as well a strong base for a long term bull market. however, we still need to see consistent monthly bull runs. At least two months or so for a long term bull trend.
The central bank is expected to raise rates by 75 basis points for the fourth-straight time before "pivoting" to a slower pace of rate hikes, which the market has begun pricing in. failure to this the DXY will continue falling, that suggest a long term buy for the US indices. its a wait and see for now.
MY VIEW, BUY US100 AS SHOW IN CHART.
SHORT TERM BULL TRADE THIS WEEK AND MAYBE NEXT WEEK AS WE AWAIT A CONFIRMATION FOR THE LONG TERM SETUP.
cheers😎. thank me later
NIFTY : 27 OCT#NIFTY50
NIFTY FUTURE : 17900 (+200pts)
Nifty Day : Range between 17800 to 17500 for past few days. With OI of call - 76L at 17800 and Put - 59L at 17500, indicates rangebound
movement.
Global : #NASDAQ ,#DOWJI - in mild bearish state.
Todays condition : If nifty opens above 17900 and sustain throughout the day, it will cross 18000 in this expiry. Expecting short covering.!!!






















