STOCK MARKET PREDICTION FOR NEXT WEEK 19SEP-23 SEP 2022

FOR MONDAY'S LIVE MARKET TRADING TIPS WHATSAPP ME ON 7772909587📲📞
The stock market started last week with a strong gain on Monday, which now seems a long time ago. Major indices plunged through their 50-day moving averages on Tuesday. On Friday, the Nasdaq and S&P 500 closed below their September and late July lows, even as they veered off their intraday lows.The stock market suffered damaging losses last week on a surprisingly hot CPI inflation report, along with some dismal earnings reports or warnings. Major indices fell below their 50-day moving averages and undercut a few more key levels on Friday. Many leading stocks also struggled. It's time investors took minimal exposure at most. Create watch lists of stocks that boast strong relative strength and are holding key levels. Tesla (TSLA), Enphase Energy (ENPH), Celsius Holdings (CELH), Wolfspeed (WOLF) and Vertex Pharmaceuticals (VRTX) all qualify. Of course, Tesla stock, Enphase, etc. are looking resilient now, but they may not be in the coming days. Many stocks looked strong until last Tuesday. Others looked solid through Thursday or Friday.

The stock market suffered sharp losses last week, reversing sharply on Monday after solid gains. The Dow Jones Industrial Average fell 4.1% in trading last week. The S&P 500 index fell 4.8%. The Nasdaq Composite fell 5.5%. Small cap Russell 2000 fell 4.5%.The stock market is not in good shape. Macroeconomic conditions are bad. Investors need to keep in mind that the market could undercut the June lows or remain range bound for weeks or even months until there is real clarity on the endgame for Fed rate hikes.The risk for investors should be minimal. There's nothing wrong with being 100% cash, especially when recent trades have gone against you. Focus on building your watch lists and looking out for stocks that are proving resilient. If the market stays weak, some of these names will falter while others will emerge. The key is to have a current list when market conditions improve and you are ready to take advantage of it.
NIFTY SUPPORT: 17442,17250
NIFTY RESISTANCE: 17825,18099