📊 NASDAQ 31st December 2024 Daily Analysis Based on Main Key Levels

In this analysis, we provide a comprehensive overview of the NASDAQ index as of December 31, 2024. The Daily Current Market Price (DCMP) for NASDAQ is 21,149. This serves as a critical reference point for identifying trading opportunities.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 21,748

Resistance 2: 21,902

Resistance 3: 22,150

✅ Support (Below DCMP)

Support 1: 21,250

Support 2: 21,097

Support 3: 20,848

📉 Swing Levels

Swing High: 22,143

Swing Low: 20,720

Summary of Analysis

As of the current market price of 21,149, key resistance levels above this price include 21,748, 21,902, and 22,150. The support levels below this price are 21,250, 21,097, and 20,848. The swing high is at 22,143, and the swing low is at 20,720.

Suggested Trades

💼 Intraday Buy Trade

Entry Price: ✨ 21,097

Stop Loss: ❌ 20,848

Take Profit 1: 🎯 21,250

Take Profit 2: 🎯 21,748

📌 Reason for Entry

The price is approaching a key support level at 21,097, indicating a favorable buying opportunity based on technical analysis.

💼 Intraday Sell Trade

Entry Price: ✨ 21,250

Stop Loss: ❌ 21,748

Take Profit 1: 🎯 21,149

Take Profit 2: 🎯 21,902

📌 Reason for Entry

Resistance at 21,250 suggests a potential selling opportunity, with targets set below this level.

Conclusion

This analysis provides a concise overview of key levels and trade opportunities for the NASDAQ index. By monitoring these levels, traders can make informed decisions in the current market environment. Stay tuned for more insights and happy trading!