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NSE Pre Open suggests slow moves again backed by US and Asian markets.

Also, yesterday’s RBI Policy had some impact on your hard-earned Money.

Lez cut the fluff and deep dive to understand the technicals of nse pre open today. Shall We?


1) NSE Pre Open for 8th December 2022 Technicals:

NSE Pre Open

  1. We dragged a lot from the support levels of 18600 levels!
  2. Now that US markets and Asian markets are F*&^ed Up, Indian markets are also giving up!
  3. Support is like a 2 edged sword. Once a support, now a resistance! So our up moves are capped currently around 18600.
  4. Not that the resistance can’t be overridden! But it’s damn hard!
  5. The directional movement shows dip-down signs as it drowns in agony to the south!


2) SGX Nifty Trend for Today on 8th December 2022:

Today on 8th December 2022 SGX Nifty is showing a 22 Points LOWER move at around 7:18 AM when I am writing this article.

SGX Nifty Trend on the Live Chart denotes that the Indian Markets will react NEGATIVE.

So Indian markets especially Nifty Trend Today would have a NEGATIVE start.


3) World Market Analysis for 8th Dec 2022:

S&P 500: 7.32 (-0.19%)
NASDAQ: 52.29 (-0.45%)
Dow Jones: 1.58 (+0.00%)
Nikkei: 234.82 (-0.85%)

Asian markets have begun the pull-down as the technicals hit a snag at the highs of Bollinger Bands!


4) Nifty Supports and Resistances:

Nifty Supports: 18534, 18500, 18432, 18400, 18296,18200

Nifty Resistances: 18602, 18678, 18758, 18881, 18855
GOOD READ: How To Choose The Best Option Strike Price For Landmark Success?


5) NSE Pre Open for 8th December 2022 Conclusion:

NSE Pre Open

  1. Look at the support, each day, one feather drops down to the weather!
  2. The directional movement indicator takes off its crown to drown!
  3. Bollinger bands play catch-up, as we play match-up!
  4. The trend is still your best friend, but downwards.
  5. Support is caught at customs and they friggin did Deport!

PS: NIFTY is thrifty and backed by the drop of Humpty Dumpty!

All in all, today Nifty will see some thrifty moves backed by the Asian market’s negativity.

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 NEGATIVE.

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