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Pre Open Stocks and Nifty Analysis for 04 July 24 is Bullied by Bulls altogether.
Yesterday’s Nifty was up by 167 points and closed deeply in GREEN compared to the opening! This is a SUPPORT Bull attached to Nifty!
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1) Nifty Trend Today Analysis for 04 July 24:
- Nifty is raging with multiple supports and least resistance and has seen another All-time High in yesterday’s session.
- Today the Nifty may be a FREE bird flying high by enormous support levels and no to the least amount of resistance.
- SGX Nifty is hugely positive daily driven by the Western market influence to reach the highs that our Indian markets look forward to.
- We are very near to the support in the Nifty trend today.
- One more important thing is you have to understand there is no trigger currently to make the stock market fall. So this is a BUY on the fall market. So any downturn will be bought into!
- Global indices are mixed and have the least influence on Indian markets today.
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2) SGX Nifty Trend for Today on 04 July 2024:
Today on 4th July 2024 SGX Nifty is showing a 75 Points HIGHER move at around 7:45 AM when I write 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 4th July 2024:
S&P 500: 28.01 (+0.51%)
NASDAQ: 159.54 (+0.88%)
Dow Jones: -23.85 (-0.06%)
Nikkei: 147.55 (+0.36%)
US markets were mixed yesterday. SGX Nifty is positive today in the beginning now. Indian markets also will react positively following Global cues in the pre-open.
4) Nifty Supports and Resistances:
Nifty Supports: 24392, 24608, 24680,
Nifty Resistances: 24123, 23992, 23823
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5) Pre-Open Nifty Analysis for 4 July 24:
- It is imperative to say that 24123 is a huge support.
- We can see good support at lower levels as for the new Fibonacci retracement we have drawn from the recent lows to the highs.
- In the last three sessions of the Nifty show, UP moves to showcase there is a slight UP trend we can see. Though yesterday was a DOJI.
- The positive trend has been held for now and may continue like a FREE Bird.
- We might also say, that Nifty is given wings with an all-time high scaled every alternative day!
- Since SGX Nifty is positive and the US markets have been mixed yesterday, we will see some Green across the board in today’s session.
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All in all, today Nifty will see some POSITIVE moves in the beginning and may scale to support levels today and again bounce back.
Considering the trends globally and Technical Analysis Nifty Trend Today will start POSITIVE.
Please let me know your thoughts about today’s pre-open analysis and nifty analysis post in the COMMENTS below.
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