What is intraday trading and Nifty Trend for today?

Buying and selling same quantity of financial instrument like stocks, Future contract, Option contract, Commodities, Forex with in the same trading day is called Day trading or Intraday Trading. Nifty Trend today is the direction of Index in positive or negative direction. Using Technical Analysis Chart, Nifty Trend, Bank nifty trend, support and resistance of both Nifty and Bank Nifty are updated daily for online Future and Option trader for study purpose. Stock trader can also use this data to predict stock market trend. Get Economic news and upcoming financial events from US, EUROPE and ASIA to predict the direction of market. Information and data updated here is very important for Nifty Future traders, Options traders and stock traders as Nifty Options strategy and stock trend depends upon Trend of Nifty. These information and data can be used by new trader or technical trader for study purpose. Always use stop loss and trailing stop loss while Stock, Future and Option trading.

Disclaimer: This is only for our own students for study purpose and not a buy or sells recommendations. Before using this section please consult your financial advisor and read our disclaimer.

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NIFTY TREND TODAY

Date :-22-May-2018

Technical Trend

          This is only for Technical chart study purpose and for our own student. Refer your advisor before using it.             

 

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RBI policy- June 6

Nifty Trend today- 8.45 AM-  "EOD chart" or Daily chart shows Nifty(spot) formed a solid bearish candle and closed below 100DMA. Daily interval chart indicating Nifty may move further down up to 45DMA placed @10475 and will test that level and may try to hold it. Be careful as hourly chart is in over sold zone and Nifty may bounce back any time and try to  hold 10538. Here be ready to use Hedging strategy and wait for exact pattern as shown in e-technical analysis training to maximize profit. In case Nifty unable to hold 10475 then Nifty has support @10436. Track Europe market after 12.30 pm in SGX Nifty page for next trend of Nifty

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  • Nifty, Bank Nifty  Positional Trend.
  • Over Bought and Over Sold Stock -  Stock Trend   Check position of stocks in EOD chart.            

     

  • Bank Nifty Trend- 8.45 AM- EOD chart  shows Bank nifty closed below 15 DMA which is negative. Lagging indicators are indicating down trend. Watch SBI result today. Negative result expected. In EoD chart Bank nifty has  support @25475. Be alert as Hourly chart is in over sold zone and may bounce in 2nd half. Here be ready to use Hedging strategy and wait for exact pattern as shown in e-technical analysis training to maximize profit. Watch Europe market in "Nifty Live" page for further trend of Bank nifty.
Index Option Student can take clue from Nifty and Bank Nifty Technical Trend to study the price fluctuation in call/put Option.

 

Support & Resistance

Watch Stock Pivot, Support and Resistance in "PIVOT POINT" page

Nifty Pivot Point- 10547

Today Nifty Support is at  10475, 10433 Resistance is at 10575, 10602

 

Bank Nifty Pivot Point- 25834

Today Bank Nifty support is at 25602, 25454 and resistance is at 25875, 25982

News

 

  • INDIAN data to watch- RBI policyis on June 6

  • SBI result may steer market trend today

  • US data to watch-   

  • UK data- No major data.

  • China news-  

  • Japan Data -  

Remark use SGX nifty chart to know opening trend of nifty.






Trick for Option trader


Index option depends upon the trend of Nifty or Bank nifty. Online trader can find the technical trend of Nifty and Bank nifty Index to trade in future segment. In case Option segment if the trend is positive then buy “CALL” option and watch the support and resistance mentioned here for next trend and your entry and exit point. In case negative trend Buy “PUT” option and wait for support levels to exit or hold.



Use news sections to know the upcoming important financial events worldwide which can impact Nifty and Bank nifty trend. Day trader and Positional trader generally use upcoming important events to make strategy. Example- Before RBI policy, election or any important financial event Nifty generally rally. So if you can know event date much before then you can participate and make profit. In case of day trading if you know today’s financial event which can change trend off stock market then you can Hedge your position or avoid trading and protect your fund from volatility.