[NOTORIETY SHOWCASE] Nse Pre Open Market Chart Analysis for 27 Feb 23

Nse Pre Open Market Chart Analysis for 27 Feb 23 shows how bears can overpower bulls.

Today we’ll analyze Nifty from various angles!
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1) Nse Pre Open Market Chart Analysis for 27 Feb 23:

1. We are analyzing Nifty with the 20 and 21-day Ema.
2. This shows that the EMA crossover is long done and the market is scrolling down continuously.
3. There are no signs of Revival in the market as per the EMA crossover.
4. Mac D which shows the momentum also shows that Nifty Momentum has dropped down.
5. This means that we are in a bear market for the short term.
6. Though we may have a dead cat bounce or bottom fishing kind of a market upward, we have to wait for Nifty to show some signs of up move.
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2) SGX Nifty Trend for Today on 27 February 2023:

Today on 27th Feb 2023 SGX Nifty is showing a 15 Points LOWER move at around 7:45 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 27th Feb 2023:

S&P 500: -42.28 (-1.05%)
NASDAQ: 210.49 (-1.73%)
Dow Jones: 336.99 (-1.02%)
Nikkei: 53.96 (-0.2%)

US markets are down in excess of 1% Friday. So SGX Nifty is negative. Indian markets also will be negative following Global cues in the pre-open. 

 

4) Nifty Supports and Resistances:

Nifty Supports:  17463, 17381

Nifty Resistances: 17536, 17777, 17680, 17653, 17801, 17828, 17938, 17944, 17917, 17862, 18000, 18072, 18121, 18260, 18302,
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5) Nse Pre Open Market Chart Analysis for 27 Feb 23 Conclusion (Bollinger Bands n Support Analysis):

1. Nifty is continuously drifting towards the lows.
2. The Bollinger band’s support at 17475 has already been tampered with.
3. Hence to give you a clear picture, let’s analyze Nifty with the previous supports and Fibonacci retracement.
4. Previous support reveals that 17445 is a very great support. And so is 17405 levels.
5. So it is likely that Nifty mate take very good support at 17400 levels and move upwards.
6. If we break 17353, we may end up losing another 400 points.
7. So as of now, Nifty is likely to hold the support at 17400 levels.
8. Since Asian markets are not very negative about a 1% decline in US markets, we may as well see a positive move in Asian markets.
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All in all, today Nifty will see some POSITIVE moves in the beginning and may scale to RESISTANCE levels today.
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Considering the trends globally and Technical Analysis Nifty Trend Today will start POSITIVE.

Please let me know your thoughts about today’s nse pre open market chart analysis post in the COMMENTS below.
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