Nifty Pre Open Today for 23 November 2022

Nifty Pre Open Today for 23 November 2022 shows now US Markets are also falling in place.

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1) Nifty Pre Open Today for 23 November 2022

1. There is a great backing of bulls even at the lows.
2. Support played a great role in lifting the spirits of Nifty today.
3. We also see US markets backing the Asian markets in today’s session.
4. The directional movement still shows negative.
5. Equal top candles mean the trend is now positive.

 

2) SGX Nifty Trend for Today on 23rd November 2022:

Today on 23rd November 2022 SGX Nifty is showing a 64 Points HIGHER move at around 7:50 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: 53.62 (+1.36%)
NASDAQ: 171.39 (+1.46%)
Dow Jones: 397.82 (+1.18%)
Nikkei: 170.95 (+0.46%)

Now the US markets are supporting the cause of the UP move or Up Trend in the session today.

 

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 Today for 23 November 2022 Conclusion

1. Technical Analysis shows mixed signals of Nifty moving higher.
2. The directional movement indicator is down showing no sign of support.
3. Support at 18133 has played a significant role to boost positivity.
4. We are below the trend line meaning the previous Up trend is broken and we are lower.
5. We’ve seen the markets fall from the triple tops.
6. Now the bull’s backing has started again meaning +ve again.

 

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.

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