Nifty Chart Analysis for 18 July 2022 for Super High Profits

Nifty Chart Analysis for 18 July shows optimism pays off in markets!

Hey Exotic Investors!

Today US markets have spit out all the positivity they can and so is SGX Nifty Oozing highs!

US markets were high and above 2% in Friday’s closing and what else can cheer Asian markets more?

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1) Nifty Chart Analysis for 18 July

 

1. Nifty Chart Analysis gives enough room to guess that the market is pushed up by support.
2. See 3 support making a great bond around 15994 levels, ie. Fibonacci Retracementnt, 20 EMA and Bollinger Band median!
3. This support has paved way for more highs in the market till 16183 in today’s market.
4. If the 16183 level on the higher side is closed above, 16417 levels would be reached in a couple of trading sessions.
5. It’s rather common that when big technical levels are reached, some big news pushing in the same direction of the move is apparent.
6. SGX Nifty is blasting confidence with 1.3% Uproar!
7. Nifty is likely to see a 100+ point Gap Up in today’s session.

 

2) SGX Nifty Trend for Today on July 18, 2022:

Today on 18th July 2022 SGX Nifty is showing 178 Points HIGHER move at around 8:13 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 probably POSITIVE start.

 

3) World Market Analysis for 18 JULY 2022:

S&P 500: 72.8 (+1.92%)
NASDAQ: +215.23 (+1.83%)
Dow Jones: 658.15 (+2.15%)
Nikkei: +145.08 (+0.54%)

World markets are supportive, which denotes HUGE Positivity denoting a positive move during and after the opening of the markets.

 

4) Nifty Supports and Resistances:

Nifty Supports: 16000, 15994, 15960, 15936

Nifty Resistances: 16100, 16140, 16183, 16200
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5) Nifty Chart Analysis for 18 July Conclusion:

1. The Nifty Chart Analysis clearly shows technical analysis is pushing the Nifty higher, literally! Lemme tell you why!
2. Nifty has formed a Bullish Hammer on charts.
3. 3 support at 15994, 15960, and 15936 acting as huge support, guarding the KING NIFTY!
4.  US Markets on Friday closed 2% higher!
5. As a result of this SGX Nifty is oozing positivity with 1.2% higher in trade.

Literally, this is like asking Nifty not to stop and RUN RUN and RUN! BHAAG NIFTY BHAAG!

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

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