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:
- Great supported 17940 is tampered with.
- Now the median of Bollinger bands and 20-day Ema both supports have been tampered with.
- Now the next Big support is available at 17777.
- The trend line has broken on the uptrend.
- 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:
- Nifty is bound by good support at 17828.
- We now have triangle support for Nifty.
- Yesterday’s close is a big engulfing candle showing negative in the market.
- Though the market went higher bears took out every possibility of bulls for yesterday.
- 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.
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