Indian Nifty Analysis for 5th December 2022

Indian Nifty Analysis for 5th December 2022 shows a run for you BUCK.

Great technical analysis of Indian Nifty shows the best moves today.

 

1) Indian Nifty Analysis for 5th December 2022

1. Nifty moves show a steady pattern of highs and lows in the market.
2. Higher highs and higher lows determine the market is in a UP Trend.
3. However, just 2 days’ downs don’t show that the UP Trend is over!
4. Today we’ve to see if the supports make the bulls motivated to buy more in the markets.
5. Great up moves have rocked the Asian markets in today’s session.

 

2) SGX Nifty Trend for Today on 5th December 2022:

Today on 5th December 2022 SGX Nifty is showing a 45 Points HIGHER move at around 7:55 AM when I am writing this article.

SGX Nifty Trend on the 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 5th Dec 2022:

S&P 500: 4.87 (-0.12%)
NASDAQ: 47.64 (-0.4%)
Dow Jones: 34.87 (+0.1%)
Nikkei: 23.07 (+0.08%)

Asian markets are slightly positive. A positive move just means nothing if the trend is down.

Let’s see if Indian Nifty moves higher with the gap-up opening.

 

4) Nifty Supports and Resistances:

Nifty Supports: 18678, 18602, 18534, 18500, 18432, 18400, 18296,18200

Nifty Resistances: 18758, 18881, 18855
GOOD READ: How To Choose The Best Option Strike Price For Landmark Success?

 

5) Indian Nifty Analysis for 5th December 2022 Conclusion

1. The nifty trend today is diluted by the dismal moves of the US on Friday.
2. But Asian markets are positive to slightly side move today.
3. No ecstatic highs were seen in Asian markets.
4. Technical supports show we are very near to the support levels.
5. We have lotta room for the Indian indices to move higher.

All in all, today Nifty will see some positivity backed by Asian markets.

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

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