S&P-500
Further to my last post on 30.3.2026, you are aware that the overall technical setup is weak
and it is into deep correction mode and most importantly long term uptrend is
potentially threatened, so all together it is showing extreme weakness and may
be heading for further fall in coming days. However to keep the hope alive for
moving up in the month of April—2026
it has to sustain above 6556.56--6528.52----6316.91
on the closing basis, else it may starts to drift down again.
NOTE: - It is a technical assessment
of the indices as of now, the technical interpretation changes with the price
movement and time; therefore it needs periodic review, which may please be noted.
This is for educational purpose.
Disclaimer:- I am not a SEBI registered technical
analyst. The view expressed here are solely of the author and purely for the
academic and educational purpose. This is in no way a trading or investment
advice.
Kindly
note that make your cost your stop loss in favorable trade
and then trail it as the price move up/down to gain maximum profit and avoid
losses. Use support and resistance levels as entry, exit, target and trailing
stop loss points. DO NOT TRADE WITHOUT STOP LOSS.
Note: Price stated here are of spot
market.
Contact me for strategic guidance
to enter and exit trade.
Thanks
Narendra
Kumar Surana
Mobile—8240951127/9831313654.
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Thank you for sharing your views.