Nifty Pre Open Market for 24 November 2022

Nifty Pre Open Market suggests that the trend is weak.

So should you continue to hold on to your trades? Will it be profitable?

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1) Nifty Pre Open Market for 24 November 2022:

1. Nifty Pre Open Market for 24 November 2022 shows the trend is weak, and will it continue?
2. Yesterday, Nifty bearly survived in the positive zone with difficulty.
3. Though support is playing good role resistance is hard too.
4. Yesterday was a total Negative candle close, meaning we opened very high and closed way lower!
5. Also from 18100 to 18400, we’ve got rangebound.

 

2) SGX Nifty Trend for Today on 24th November 2022:

Today on 24th November 2022 SGX Nifty is showing an 81 Points HIGHER move at around 7:14 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 23rd Nov 2022:

S&P 500: 23.7 (+0.62%)
NASDAQ: 113.88 (+0.97%)
Dow Jones: 95.96 (+0.28%)
Nikkei: 375.04 (+1.33%)

Whole world markets are rejoicing today due to the fact that US markets were positive.

So will Indian nifty pre-open react to this positivity.

 

4) Nifty Supports and Resistances:

Nifty Supports: 18200, 18133, 18100, 18089

Nifty Resistances: 18296, 18376, 18410, 18499
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5) Nifty Pre Open Market for 24 November 2022 Conclusion:

1. MACD is showing signs of weakness.
2. EMAs are bearly surviving being higher.
3. Yes, whole markets are higher. The retail money will drive markets UP today no matter what.
4. But smart money may pull the market down to higher levels.
5. Because the highs in yesterday’s session were sold into from the beginning.
6. Also, we’re down the trend line.
7. Seems like there may be initial highs, but the smart money may flow outta the market.

 

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

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

Please let me know your thoughts about today’s nifty pre open market post in the COMMENTS below.
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