FOR MONDAY'S LIVE MARKET TRADING TIPS WHATSAPP ME ON 7772909587๐ฒ๐
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.
NIFTY SUPPORT: 17442,17250
NIFTY RESISTANCE: 17825,18099