With Powell's Statement, Dow has given a -950 pts fall on Friday! This has led to -215 points Pre-Open fall in SGX as of 28/08/2022!
With Opening on Monday, i.e, 29/08/2022, we can expect the market to Open around 17200-250 zone and then take support at the marked levels! Institutional accumulation and Buying seen in the August series indicates that markets can form a bottom around the 17150-200 zone and then move uspide! If the panic selling continues, then we can see a further correction till 16950-17000 levels!
17000 should act a strong support zone and markets can take a good recovery from this level! Stocks and Index both can give a good rebound and can create some good buying and accumulation opportunities!
With Opening on Monday, i.e, 29/08/2022, we can expect the market to Open around 17200-250 zone and then take support at the marked levels! Institutional accumulation and Buying seen in the August series indicates that markets can form a bottom around the 17150-200 zone and then move uspide! If the panic selling continues, then we can see a further correction till 16950-17000 levels!
17000 should act a strong support zone and markets can take a good recovery from this level! Stocks and Index both can give a good rebound and can create some good buying and accumulation opportunities!
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