NSE Pre Open for 8th December 2022

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:

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:

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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