Nse India Pre Open Market Analysis for 21 Dec 2022

Nse India Pre Open Market Analysis for 21 Dec 2022 shows a backing by Bulls.

But look at yesterday’s analysis, I had mentioned the resistance is set at 18411 levels, and it’s still intact!

 

1) Nse India Pre Open Market Analysis for 21 Dec 2022

1. Nifty saw a huge spike in its bull’s backing as it traveled all the way 200+ points from the lows to the highs.
2. From 18202 to 18404, is a huge move.
3. Though the negativity was all over, the bull’s backing was crazy.
4. Its although true to say that investors are looking for huge falls in the market to invest.
5. Retail investors are looking for great opportunities sighting the great rise of the markets.
6. But yesterday’s resistance is still resistance and has to be tackled!

 

2) SGX Nifty Trend for Today on 21st December 2022:

Today on 21st December 2022 SGX Nifty is showing a 75 Points HIGHER move at around 7:38 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 21st Dec 2022:

S&P 500: 3.96 (+0.1%)
NASDAQ: 12.17 (-0.11%)
Dow Jones: 92.2 (+0.28%)
Nikkei: 25.78 (-0.1%)

US markets were outright flat, but SGX Nifty is highly positive. Indian markets may lead a positive route today.

 

4) Nifty Supports and Resistances:

Nifty Supports: 18285, 18296, 18300

Nifty Resistances: 18411, 18428, 18611
GOOD READ: How To Choose The Best Option Strike Price For Landmark Success?

 

5) Nse India Pre Open Market for 21 Dec 2022 Conclusion:

1. Since resistance is tight, closing past it means hikes are right.
2. US markets are not leading the wolf pack, Indian markets are making a crack!
3. 20-Day EMA and Fibonacci Retracement, both show stiff resistance, and to break it bulls should show persistence!
4. Nowadays support is like a passport to take a plane north!
5. The Bollinger band range is down, meaning the market reach is blown!

All in all, today Nifty will see some POSITIVE moves backed by the SGX Nifty market’s UP TICK.

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

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

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