Pre Open Market Data for 4th January 2023

Pre Open Market Data for 4th January 2023 is bleak.

Everyone of the Global markets are falling and Singapore Nifty is not an exception.

 

Watch Pre Open Market Data for 4th January 2023 on Video:

 

1) Pre Open Market Data for 4th January 2023

1. IMF warns of a global recession, so volatility may increase.
2. Though Bulls are backing the market very well, it seems like the Bears have the grip.
3. Global market is a deep dive as the IMF warns of a recession.
4. Support at 18068 is holding up very good.
5. The resistance at 18250 is also holding very good.
6. The directional movement indicator is Flat meaning that the market is not moving really high from here.
7. The positive trend line is backing the positivity in the market.

 

2) SGX Nifty Trend for Today on 4th January 2023:

Today on 4th Jan 2023 SGX Nifty is showing a 51 Points Lower move at around 7:46 AM when I am writing this article.

SGX Nifty Trend on the Live Chart denotes that the Indian Markets will react NEGATIVE.

So Indian markets especially Nifty Trend Today would have a NEGATIVE start.

 

3) World Market Analysis for 4th Jan 2023:

S&P 500: 15.36 (-0.4%)
NASDAQ: 77.12 (-0.7%)
Dow Jones: 10.88 (-0.03%)
Nikkei: 363.74 (-1.39%)

US and Japanese markets are hugely negative exerting negative pressure on SGX Nifty and Indian markets. 

 

4) Nifty Supports and Resistances:

Nifty Supports: 18159, 18100, 18070, 17816, 17637,

Nifty Resistances: 18200, 18269, 18411, 18428, 18611
GOOD READ: How To Choose The Best Option Strike Price For Landmark Success?

 

5) Pre Open Market Data for 4th January 2023 Conclusion

1. Brevity is the new longevity because of IMF Fears.
2. Since the Nifty supports are great, the Bulls ports are open to trade.
3. Quite possible that the negativity today may vanish, as bulls may take it to varnish.
4. The directional movement indicator is down showing the market is here to frown!
5. We are in a support triangle where the bears are not able to strangle!

All in all, today Nifty will see some NEGATIVE moves in the beginning and may scale to lower levels of support today.

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Considering the trends globally and Technical Analysis Nifty Trend Today will start NEGATIVE.

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