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-September-2017

Technical Trend

         

                               RBI Policy- October 4.

North Korea again threatens to detonate Hydrogen Bomb in pacific Ocean.

S&P downgrades China rating.

  • Nifty Trend today- Nifty may open near 10085. "EOD chart" or Daily chart and hourly time interval chart shows Nifty is in over bought zone and formed a 'Hammer' candle pattern which indicates bearish trend. Also China downgrade and North Korea 'H' Bomb threat may block Nifty upward movement. EOD chart shows upper level of 10212 and lower  level of 10054. So today Nifty may open negative due to Korea threat and move in between 10054 to 10112 in initial hours till Europe market opening. Watch if Europe market open in green then Nifty may move upto 10172.  Track Europe market after 12.30 pm in SGX Nifty page for next trend of Nifty.                                  

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

     

  • Bank Nifty Trend-- EOD chart is showing Bank nifty upper level is @25009 and lower level 24646(15DMA). EOD chart and hourly chart shows bank nifty is in over bought zone and expect profit booking. China downgrade and North korea threat may put pressure on Bank nifty upto 24640.  Watch Europe market opening in "Nifty Live" page for further trend of Bank nifty or market. 
Index Option Trader can take clue from Nifty and Bank Nifty Technical Trend to take position in call/put Option.

 

Support & Resistance

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

Nifty Pivot Point- 10113

Today Nifty Support is at  10067, 10012, Resistance is at 10167, 10195

 

Bank Nifty Pivot Point- 24834

Today Bank Nifty support is at 24675, 24550 and resistance is at 24957, 25115

News

 

  • INDIAN data to watch- No major data.

  • Next RBI policy is on October 4. Expect a rally before that.

  • US data to watch- North Korea continuously threatning World, which is negative for market.

  • US FED meet- No rate hike. Signals plan for additional rate hike this year.

  • UK data- No major data.

  • China news- S&P downgrades China rating for first time in 18 years.

  • Japan Data -  Bank of Japan kept Interest rate unchanged.

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.