Nse Pre Open Market Watch for 21/2/23 Show Shaken Confidence

Nse Pre Open Market Watch Analysis for 21 Feb 23 Show Shaken Confidence.

Yesterday presumed to be a day of positivity came under pressure from the Adani group of stocks and Pharma Stocks!
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1) Nse Pre Open Market Watch for 21st Feb 2023:

1. Great supported 17940 is tampered with.
2. Now the median of Bollinger bands and 20-day Ema both supports have been tampered with.
3. Now the next Big support is available at 17777.
4. The trend line has broken on the uptrend.
5. The lower Trend is far away to give support.

 

2) SGX Nifty Trend for Today on 21 February 2023:

Today on 21st Feb 2023 SGX Nifty is showing a 0.5 Points LOWER move at around 8:03 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 Feb 2023:

S&P 500: -11.32 (-0.28%)
NASDAQ: 84.3 (-0.68%)
Dow Jones: 129.84 (+0.39%)
Nikkei: 12.27 (-0.04%)

US markets were closed yesterday due to President’s Day. SGX Nifty is sideways. Indian markets also will be muted in the pre open. 

 

4) Nifty Supports and Resistances:

Nifty Supports: 17828, 17777, 17680, 17653

Nifty Resistances: 17938, 17944, 17917, 17862, 18000, 18072, 18121, 18260, 18302,
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5) Nse Pre Open Market Watch for 21st Feb 2023 Conclusion:

1. Nifty is bound by good support at 17828.
2. We now have triangle support for Nifty.
3. Yesterday’s close is a big engulfing candle showing negative in the market.
4. Though the market went higher bears took out every possibility of bulls for yesterday.
5. Nifty may find good support today and will fly high.

All in all, today Nifty will see some POSITIVE moves in the beginning and may scale to SUPPORT levels today.

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

Please let me know your thoughts about today’s nse pre open market watch analysis post in the COMMENTS below.
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