Today Pre Open Market Analysis for 10 Feb 23

After a thundering show-off by the Bulls, Today Pre Open Market Analysis shows more Bullying Action by Bulls.

Yesterday, not a single point of negativity was left to be wasted. The bulls acquired it all!

 

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1) Today Pre Open Market Analysis for 10 Feb 23

1. Yesterday’s Nifty was a great example of bulls attacking All The Way.
2. Nifty touch with the ground supports and also scared to the resistance.
3. From the lowest point to the highest point, Nifty scaled 200 points in yesterday’s session.
4. Yesterday’s candle of nifty is a Doji, which means that today’s market moves are not well known.
5. Today’s Nifty move will determine if the market will go negative or positive.
6. Now that 20-day Ema has been scaled and closed, this level itself will be a support.

 

2) SGX Nifty Trend for Today on 10th February 2023:

Today on 10th Feb 2023 SGX Nifty is showing a 97 Point LOWER move at around 7:23 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 10th Feb 2023:

S&P 500: 36.34 (-0.88%)
NASDAQ: 114.21 (-0.91%)
Dow Jones: 249.13 (-0.73%)
Nikkei: 195.54 (+0.71%)

US markets are utter negative impacting Asian and in fact Indian markets. 

 

4) Nifty Supports and Resistances:

Nifty Supports: 17865, 17800, 17777, 17653

Nifty Resistances: 17944, 18017, 18072
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5) Today Pre Open Market Analysis for 10 Feb 23 Conclusion

1. US market sir utterly negative.
2. SGX Nifty is outright negative.
3. Yesterday’s Nifty close was a Doji meaning today’s market will show where the market trend will be.
4. The bulls have started the Run all the way upwards.
5. But the Global turmoil is hitting Indian markets.
6. Now the 20-day Ema is lending good support for Nifty.

All in all, today Nifty will see some NEGATIVE 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 NEGATIVE.

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