Best of Nifty Chart Analysis for 21st October 2022 shows Nifty may slow down a bit in today’s session.
But today, I’ll give you tips to double your money in the next 5 years.
1) Best of Nifty Chart Analysis for 21 October 2022
- We see blockbuster charts for Nifty as best of nifty is yet to unfurl.
- So do you see only up moves as great moves?
- Nope Nifty’s movement itself is a great move. Either Up or Down doesn’t matter.
- A move of about 100 points in a session is great for Futures and Options traders like us!
- Look at the nifty charts and we can see Nifty is following a trend for now.
- If Nifty holds above 17579 in today’s session, more blasts in the movement would be seen in Nifty.
- Today seems like US markets are not much help for the UP Move.
- But if the trend holds, we can hold our positions.
- Fibonacci Retracement shows that major resistance is at 17776 which is far away, denoted by a red line.
2) SGX Nifty Trend for Today on 21st Oct 2022:
Today on 21st October 2022 SGX Nifty is showing a 29 Point LOWER move at around 7:41 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 Oct 21, 2022:
S&P 500: 29.38 (-0.8%)
NASDAQ: 56.67 (-0.51%)
Dow Jones: 90.22 (-0.3%)
Nikkei: 69.83 (0.26%)
US Markets are showing negativity all over the place today showing resistance which is not a good sign for the market to move up.
4) Nifty Supports and Resistances:
Nifty Supports: 17527, 17500 17425
Nifty Resistances: 17579, 17642
GOOD READ: How To Choose The Best Option Strike Price For Landmark Success?
5) Best of Nifty Conclusion:
- Though we see a negative market around the world, we see Nifty’s trend is intact.
- Also, Deepavali is starting within 2 days and always, and the markets have cheered this festival of lights.
- Best of Nifty will unfurl this Deepavali.
- Technical analysis indicates up move is still available in Nifty till 18093.
- Though the downs may affect the Up Move, they won’t last more than a couple of days.
- A profitable trade for this Deepavali is available below.
DEEPAVALI PICK FOR 2022:
- My Multibagger stock picker method has given this stock to pick.
- In the next 5 years, it can easily triple in value, from its current value to around 5000.
- Directional Indicator shows a spurt in the interest of Buyers.
- Volumes have quadrupled in delivery.
- From 1300, the great moves started and are moving OKish as of now.
- The stock has had no scams in the past and has grown by 15% profit continuously for the last 10 years.
- For the best of this Diwali pick for 2022, EKI Energy fits my list of portfolios for a Multibagger.
- We’ll track this together on my multi-bagger list portfolio.
All in all, today Nifty will see some jittery moves.
Considering the trends globally and Technical Analysis Nifty Trend Today is NEGATIVE.
Happy Trading and Happy Money Making!