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:
EKI Energy:
- 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.
MUST-READ: Can Day Trading Make You Rich For an Exhilarated Excuse Free Life?
Considering the trends globally and Technical Analysis Nifty Trend Today is NEGATIVE.
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Happy Trading and Happy Money Making!