📊 NASDAQ 26th December 2024 Daily Analysis Based on Main Key Levels

In this analysis, we will evaluate the current state of the NASDAQ market, identifying key price levels and potential trading strategies.

📍 Daily Current Market Price (DCMP)

The current market price for NASDAQ is 21,799. This serves as a crucial reference point for identifying trading opportunities.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 21,918

Resistance 2: 22,253

Resistance 3: 22,797

✅ Support (Below DCMP)

Support 1: 21,374

Support 2: 20,831

Support 3: 19,951

📉 Swing Levels

Swing High: 22,143

Swing Low: 20,720

Summary of Analysis

The NASDAQ market is currently positioned at 21,799. Key resistance levels above this price include 21,918, 22,253, and 22,797. The support levels below this price are 21,374, 20,831, and 19,951. The swing high is at 22,143, and the swing low is at 20,720.

Suggested Trades

💼 Intraday Buy Trade

Entry Price: ✨ 21,374

Stop Loss: ❌ 21,000

Take Profit 1: 🎯 21,700

Take Profit 2: 🎯 21,900

📌 Reason for Entry

The price is approaching a key support level at 21,374, indicating a favorable buying opportunity based on technical analysis.

💼 Intraday Sell Trade

Entry Price: ✨ 21,918

Stop Loss: ❌ 22,000

Take Profit 1: 🎯 21,700

Take Profit 2: 🎯 21,500

Conclusion

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