CNX Nifty Trend Today for 16 Aug 2022

CNX Nifty Trend Today for 16 Aug 2022 shows deeper signs of a BULL RUN!

Nifty is showing signs of extending its gains due to global support.

 

1) CNX Nifty Trend Today for 16 Aug 2022

1. The resistances are waived off.
2. Supports are increasing.
3. Short glitches are not being continued in the trend.
4. The most significant resistance now looks like a slight resistance.
5. All the above are signs of a BULL Market.

 

2) SGX Nifty Trend for Today on 16th Aug 2022:

Today on 16th August 2022 SGX Nifty is showing a 73 Point HIGHER move at around 8:04 AM when I am writing this article.

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

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

 

3) World Market Analysis for Aug 12, 2022:

S&P 500: 17.01 (+0.4%)
NASDAQ: 101.31 (+0.75%)
Dow Jones: 151.39 (+0.45%)
Nikkei: 10 (-0.03%)

The whole world markets are positive and supportive of the CNX Nifty Trend Today’s market move.

 

4) Nifty Supports and Resistances:

Nifty Supports: 17600, 17595, 17566, 17500

Nifty Resistances: 17703, 17779, 17794, 17842
GOOD READ: How To Choose The Best Option Strike Price For Landmark Success?

 

5) CNX Nifty Trend Today for 16 August 2022 Conclusion:

1. The Azadi ka Amrit Maohotsav is proving to be a piece of great news for the markets to cheer.
2. A new quadrant of the Bull market opens if the 17795 levels are scaled.
3. A complete transformation of moving higher without the negatives affecting the Higher moves is a sign of Positivity.
4. A great sign of upliftment is the directional movement indicator shows more signs of UPMOVE due to its correction and finding support.
5. Seems like appeasement politics from the Communists are no more a requirement to move the market!

 

All in all, supports are all over and resistance is nearly low.

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Considering the trends globally and Technical Analysis Nifty Trend Today is POSITIVE.

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