Pre Open Market Data Nse for 15 Feb 23 Shows Resistance in action.
Though yesterday’s market was ultra-high, the Nifty is again stuck at the resistance of 17938.
1) Pre Open Market Data Nse for 15 Feb 23:
- Nifty resistance moves from 17862 to 17938.
- It’s just a matter of fact that we cross 18000 on Nifty.
- After 18000 is crossed we will have an easy move to the 18119 level.
- Though late bulls have caught up in the race to success.
- US markets have been very supportive of the Nifty moving upwards.
- Fibonacci retracement shows clear science that the Nifty is on a trend higher.
2) SGX Nifty Trend for Today on 15th February 2023:
Today on 15th Feb 2023 SGX Nifty is showing a 43 Points LOWER move at around 7:29 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 15th Feb 2023:
S&P 500: 1.16 (-0.03%)
NASDAQ: 88.57 (+0.71%)
Dow Jones: 156.66 (-0.46%)
Nikkei: 42.8 (-0.16%)
US markets are MIXED yesterday. Hence SGX Nifty is negative and so will the Indian Nifty start be!
4) Nifty Supports and Resistances:
Nifty Supports: 17917, 17862, 17777, 17680, 17653
Nifty Resistances: 17938, 17944, 18017, 18072
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5) Pre Open Market Data Nse for 15 Feb 23 Conclusion:
- Nifty is up and running with the bulls in action.
- Since the budget, Nifty has started Rising.
- Hindenberg research is proving hard for Adani stocks, likewise to Nifty as well.
- Now the 20-day Ema at 17862 is a great support.
- The only resistance to scale is 17938, which I think maybe scaled by 11 a.m. Today.
- Though SGX Nifty is negative, we may still see positives on the board today.
All in all, today Nifty will see some NEGATIVE moves in the beginning and may scale to RESISTANCE levels today.
Considering the trends globally and Technical Analysis Nifty Trend Today will start NEGATIVE.
Happy Trading and Happy Money Making!