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US market is down till Wednesday. From Wednesday US mid-session, shares is headed increased till the month finish. #stockmarket #spx500
— Market Timing by Astro Dunia (@astrodunia) Might 22, 2023
As it’s evident from the chart, inventory marke has been downward till Wednesday.
Right here is an summary from the publication revealed in the present day:
S&P 500 Predictions
The inventory market closed decrease within the earlier session as anticipated. At the moment, the decrease opening is indicated within the US session. From the mid-session, restoration would begin. The market might behave positively on Thursday. On Friday, the development might be blended; closing might be decrease. The development is general supportive of the market till the month-end. A serious correction shall begin on 2nd June 2023.
DOW has help at 32700 and resistance at 33500. S&P500 has help at 4100-4080 and resistance at 4220. NASDAQ has help at 13500 and resistance at 14000. RUSSELL has help at 1750 and resistance at 1820.
Valuable Metals
It was suggested to lengthy Gold and Silver yesterday at decrease stage. Booked 50% revenue at increased stage. Gold (June) has help at 1948 and resistance at 2000. Silver (July) has help at 23.19. Guide revenue in lengthy place of treasured metals in the present day. The development is unfavorable for Thursday-Friday. From Friday’s US opening, a restoration is feasible.
Vitality/Crude Oil
Crude is optimistic till the top of month with help at 71.00.
Indian Market
At the moment, a downtrend is indicated. Within the closing hour, restoration is feasible. On Thursday, the market might behave positively. On Friday, the development is blended. General, the market is supportive till the top of the month. A serious reversal shall begin from 2nd or fifth June 2023. Nifty has help at 18050 and resistance at 18050. Financial institution Nifty has help at 43200 and resistance at 44250.
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