Nifty Movement Analysis for 22 December 2022 is great as it was yesterday!
But yesterday, BEARS were aggressive from the get-go!
1) Nifty Movement Analysis for 22 December 2022
- Nifty is taking turns reaching the lows.
- Usually, when the market hikes, it has to hit the lows and then move UP.
- Now that we’ve hit great support at 18150 we are again bound to go UP.
- Yesterday bears were ON from the get-go!
- Its also imperative to say that the markets have to go in a rhythm of highs and lows, without which the movement wouldn’t last!
2) SGX Nifty Trend for Today on 22nd December 2022:
Today on 22nd December 2022 SGX Nifty is showing a 96 Points HIGHER move at around 7:39 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 22nd Dec 2022:
S&P 500: 56.84 (+1.49%)
NASDAQ: 163.46 (+1.48%)
Dow Jones: 526.74 (+1.6%)
Nikkei: 116.74 (+0.44%)
US markets were outright positive, and SGX Nifty is highly positive because of the US market backing.
4) Nifty Supports and Resistances:
Nifty Supports: 18159, 18097, 18000
Nifty Resistances: 18269, 18411, 18428, 18611
GOOD READ: How To Choose The Best Option Strike Price For Landmark Success?
5) Nifty Movement Analysis for 22 Dec 2022 Conclusion
- Nifty movement analysis for yesterday shows bulls had paralysis.
- Support at 18159 is the new Gold MINE!
- Yesterday, Nifty had a disaster but today will be a blaster!
- Smooching resistance had the market thriving for a long distance!
- Smoothening Bollinger band has thought of getting Nifty move down banned!
All in all, today Nifty will see some POSITIVE moves backed by the SGX Nifty market’s UP TICK.
Considering the trends globally and Technical Analysis Nifty Trend Today will start POSITIVE.
Happy Trading and Happy Money Making!