Market Pre Open Data Analysis for 17 Feb 23 Glorify Your Gains

Market Pre Open Data Analysis for 17 Feb 23 shows the Market with glorified gains.

Today is a day when Nifty will fall, but your profits won’t!

 

1) Market Pre Open Data Analysis for 17 Feb 23:

1. Nifty escalated very fast to the resistance levels in yesterday’s session.
2. The great resistance at 18121 stopped the market from moving higher.
3. Today will be and negative session but profits are huge and have a very high potential.
4. Today will be a low or a till day since yesterday was the weekly expiry.
5. It’s likely that we may come down below 18000 at the close.
6. Nifty still will have great support at 17940 levels.

 

2) SGX Nifty Trend for Today on 17th February 2023:

Today on 17th Feb 2023 SGX Nifty is showing a 94 Points LOWER move at around 7:29 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 17th Feb 2023:

S&P 500: 57.19 (-1.38%)
NASDAQ: 245.41 (-1.93%)
Dow Jones: 431.2 (-1.26%)
Nikkei: 138.11 (-0.5%)

US markets are above 1% NEGATIVE yesterday. Hence SGX Nifty is outright -ve and so will the Indian Nifty start be!

 

4) Nifty Supports and Resistances:

Nifty Supports: 18000, 17938, 17944, 17917, 17862, 17777, 17680, 17653

Nifty Resistances: 18072, 18121, 18260, 18302
GOOD READ: How Insurance Works in India to Save You From Financial Hassles?

 

5) Market Pre Open Data Analysis for 17 Feb 23 Conclusion:

1. Nifty strength is intact for moving UP.
2. Trend Line support shows that Nifty is still in the up-trending trajectory.
3. Yesterday Nifty was saved by the previous close support.
4. Today there will be more negativity in the nifty owing to The Western markets.
5. It’s likely that Nifty may take support at 17940 levels.
6. Since push and pull is the way the market moves upwards we had to see this negative.

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

MUST-READ: Can Day Trading Make You Rich For an Exhilarated Excuse-Free Life?

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

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