Nifty Move for 18th October 2022

Nifty move for 18th October 2022 is on the higher side, yet again as the global markets are literally pushing the Indian markets to propel.

When the FIRE is burnt in the ass, the RUN must and should HAPPEN!

 

Nifty Move for 18th October 2022:

Nifty shows an exotic move from the low key to becoming the high key!

1. 17145 is acting as a support to Nifty with 8 levels stopping at that level.
2. Next resistance is only 150 points away.
3. Yesterday’s move is a GREEN engulfing candle, meaning definitely more Up Move.
4. The directional Indicator shows resistance is away so the chances of more higher move is on the cards.
5. Fibonacci Retracement and Bollinger bands show a resistance at exact levels and far away!

 

2) SGX Nifty Trend for Today on 18th Oct 2022:

Today on 18th October 2022 SGX Nifty is showing a 149 Point HIGHER move at around 8:03 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 Oct 18, 2022:

S&P 500: 94.86 (+2.64%)
NASDAQ: 370.47 (+3.46%)
Dow Jones: 550.99 (+1.86%)
Nikkei: 210.04 (0.78%)

US Markets are showing a huge blasting UP Move and showing support which is a good sign for the market to move up.

 

4) Nifty Supports and Resistances:

Nifty Supports: 17257, 17145, 17032

Nifty Resistances: 17416, 17426, 17500
GOOD READ: How To Choose The Best Option Strike Price For Landmark Success?

 

5) Nifty Move for 18th October 2022 Conclusion:

1. Technical analysis gives a clean chit for Nifty.
2. SGX Nifty is blasting high.
3. US Markets have pumped the highest gains in history in yesterday’s session.
4. Support is right at the doorstep.
5. The Directional Movement indicator is showing great signs of resilience.

All in all, Great UP MOVE is definitely on the cards today.

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 POSITIVE.

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