ZhaocaiC

Right now DOWJONES trading around 33480. If comes down below level of 33430 then can test level 33380, 33330 & 33250. on the other side if it sustains above the level of 33530 then it can retest the level of 33580, 33630 & 33700.

Yeaterday dowjones fell 500+ points, our Nifty trading flat, not sustaining on highs....What it means..?
Himachal going to Congress
rbipolicy tomorrow?
Day after GujaratElections2022 results
Heavy week Market will crush both sides?
But U all my friends BE ON RIGHT SIDE

DowJones

On November 2nd, Powell signaled "higher for longer," and the rates market responded to that message.

Since that meeting, the market has moved in the opposite direction, with 2024 contracts rallying 100bps.

Recession pricing is leaking into the rates market.

stock markets end way off lows
DowJones +0.1%
S&P 500 -0.1%
NASDAQ -0.2%

Jobs report overpowered by Dovish Powell earlier in the week

Brent oil at 86$
Index at 104.4
10 yr yield at 3.49%

DOW FALLS 200 POINTS AS U.S. STOCKS END MOSTLY LOWER AFTER WEDNESDAY'S FURIOUS RALLY

December 02/2022, MarketCommentary:
On Thursday, U.S. stocks closed in mixed territory as investors await key jobs data. The SP500 fell 3.32pts (-0.08%) to 4076, the Nasdaq100 rose 11.83pts (+0.1%) to 1204 & the Dow30 declined 194.76pts (-0.56%) to 34395.

Bearish candle with upper & lower wick is forming in Nifty
> Position carrying can be Risky ahead of Weekend
> Option premium will also decay

Data negative for both indices.
VIX 0.50% down, falling.
DowJones FUTs 31pts negative, flat.
Nifty weaker than banknifty.
If day's low is broken we may see further selling in the market esp.

DowJones: Wall Street closed nearly flat on Thursday as fresh uncertainty about the economy offset slowing inflation

Nasdaq: After breaking the 11920 area, prices try to stabilize on the upper track, holding 11973 intermediate support, can again hit 12118 resistance. The 11920 area can be tested again on the downside.

The latest support level for Nasdaq is 11910. As long as it stays above that level
The direction will remain positive