Pre Open Market Strategy for 10 Jan 2023 shows good support and never lets you down!
Great support and are great zones for profits. That’s enough for your SUCCESS!
Watch pre open market strategy on Video:
1) Pre Open Market Strategy for 10 Jan 2023
- Nifty turned topsy-turvy all of a sudden?
- Nope, Nifty hit the support at 17816 we have been talking about for a long time.
- Nifty support at 17816 did all the magic to turn the market north.
- Look at the trend line. The negative trendline is lending support exactly at the support level.
- Now the biggest hurdle is the 20-Day EMA. If acting as a blanket of resistance.
2) SGX Nifty Trend for Today on 10th January 2023:
Today on 10th Jan 2023 SGX Nifty is showing a 27 Point LOWER move at around 7:53 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 10th Jan 2023:
S&P 500: -2.97 (-0.08%)
NASDAQ: 68.09 (+0.62%)
Dow Jones: 112.96 (-0.034%)
Nikkei: 235.1 (+0.91%)
US markets were very marginally lower and mixed. So Indian markets may roar again today.
4) Nifty Supports and Resistances:
Nifty Supports: 18068, 17816, 17737
Nifty Resistances: 18124, 18159, 18206
GOOD READ: How To Choose The Best Option Strike Price For Landmark Success?
5) Pre Open Market Strategy for 10 Jan 2023 Conclusion:
- Now the great support is pushing Nifty so high that it is literally an unbreakable fort!
- 20 day EMA is a resistance blanket which is a disturbing racket!
- The negative trend line is acting as a support, helping Nifty Shine.
- New resistance at 18068 is pierced which will now act as assistance.
- Now 18166 is a great barrier to moving higher, without moving higher there is no carrier!
All in all, today Nifty will see some POSITIVE moves in the beginning and may scale to resistance levels today.
Considering the trends globally and Technical Analysis Nifty Trend Today will start POSITIVE.
Happy Trading and Happy Money Making!