Monday, June 8, 2015

NQ Guideline For Tuesday

A sharp sell-off in the equity market on Monday with NQ selling off hard right from the opening bell. Late day profit-taking failed to produce a sustained rally as NQ close near the low of the day.

Key price level for NQ on Tuesday will be 4420.
-- Trading above 4420 implies a potential rally or a sideways consolidation price action, with the first resistance at 4455, and key resistance at 4475.
-- Trading below 4420 is likely to attract more short-selling