Nifty Trend Analysis for 8th July 2022

Nifty Trend Today on 8th July 2022 would outline the Foresight for Nifty’s Trend in Today’s Session.

Nifty is poised to open Gap Up above the level of 16171 which is 38.2% of Fibonacci Retracement.

SGX Nifty Trend shows a Gap up opening for Nifty Trend Today due to 91 points higher on SGX Nifty.

Nifty Trend Today Technical Analysis for 8th July 2022:

Technical Analysis for Nifty:

1. A Fibonacci Retracement reveals Nifty has resistance at 16171.
2. Since SGX Nifty shows a 91 points Positive, Nifty will open Gap Up.
3. If  Nifty level 16171 closed above in today’s session of trading, Nifty is poised to move higher towards 16410 in just 1 week.
4. Support at 15970 levels plays very strong support in case Nifty happens to be sold in today’s session.
5. Also, Nifty stumbles at 12 levels of directional movement and moves higher, again and again, seeing Nifty as a mover on the high side at least in short term.

GOOD READ: How To Pick Multibagger Stocks to Beat the Fund Managers

1) SGX Nifty Trend for Today:

Today on 8th July 2022 SGX Nifty is showing 91 Points HIGHER move at around 8:52 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.

 

2) World Market Live for 8 JULY 2022:

US Markets Indices were over 1% positive in yesterday’s session. Seeing the positivity, SGX Nifty is positive.

As per the World Markets Nifty Trend Today is positive.

 

3) Nifty Supports and Resistances:

Nifty Support: 16000, 15978, 15823

Nifty Resistances: 16171, 16200, 16300
GOOD READ: How To Choose The Best Option Strike Price For Landmark Success?

 

4) Nifty Trend for Today:

Since SGX Nifty is Positive Nifty will open Positive and since world markets have a positive outlook, Nifty may trend higher.

Nifty is poised to move towards 16200 in today’s session if the move above 16171 is sustained.

Else Nifty may see a sell-off towards 16000 to 15900 levels in today’s session.

MUST READ: Can Day Trading Make You Rich For an Exhilarated Excuse Free Life?

Considering the trends globally Nifty Trend Today is POSITIVE.

 

Follow me on Facebook and Youtube.

Happy Trading and Happy Money Making!