{"id":13228,"date":"2021-08-30T08:45:42","date_gmt":"2021-08-30T03:15:42","guid":{"rendered":"https:\/\/www.fintoo.in\/blog\/?p=13228"},"modified":"2021-08-30T08:45:44","modified_gmt":"2021-08-30T03:15:44","slug":"pre-market-analysis-30th-aug-2021","status":"publish","type":"post","link":"https:\/\/blog.fintoo.in\/blog\/pre-market-analysis-30th-aug-2021\/","title":{"rendered":"Pre Market Analysis \u2013 30th Aug 2021"},"content":{"rendered":"\n

Markets for week ended at all-time high above 16700 after sharp rally from technology stocks which gained by almost 3% while broader markets underperformed. The weekly chart of Nifty has thrown up hanging man<\/em> pattern on candlestick which indicates asset prices are on a verge of a downfall. In order to validate bearish reversal, the following candle in the coming week must have closing below previous week\u2019s real body, which in current situations turns out to 16592. Hence market still remains at crucial juncture with resistance seen at 16875.<\/p>\n\n\n\n

U.S markets rallied on Friday, pushing the S&P and the Nasdaq to record closing highs for the fourth time this week as U.S. Federal Reserve Chairman Jerome Powell indicated Friday that the central bank is likely to begin tapering before the end of the year, though there is still \u201cmuch ground to cover\u201d before rate hikes. The Dow Jones Industrial Average rose 242.68 points, or 0.69%, to 35,455.8, the S&P 500 gained 39.37 points, or 0.88%, to 4,509.37 and the Nasdaq Composite added 183.69 points, or 1.23%, to 15,129.50. Asian markets started the week with gains after U.S. Fed struck a more dovish tone than some investors expected in long-awaited speech on Friday.<\/p>\n\n\n\n

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Invest in International Stocks <\/strong><\/a><\/div>\n<\/div>\n\n\n