Check accuracy for one month of our Nifty and Bank nifty technical Trend posted below daily before market open @8.45AM
What is Nifty and Bank NiftyTrend 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.
NIFTY TREND TODAY
Date : 21-January-2019
This is only for Technical chart study purpose and for our own client. Refer your advisor before using it.
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Nifty Trend today- 8.45 AM- - EoD Technical chart indicating Nifty is trying to consolidate above 10900. Upper Bollinger Band is near 10965. In micro time interval Nifty trend is positive. So Nifty may open near 10925 and try to move up to 10945 but market is waiting for China GDP and Factory out put data. Growth of China may slip to 28 year low. So be alert and Nifty today may move in a range between 10856 to 10965. Nifty should form a break out pattern to cross major resistance 11000. Always first try to protect your principal amount in any market condition using Technical Analysis strategy shown as you can get chance every day. You can directly contact me in above link to learn free Technical Analysis, how to know trend, levels, identify false signal and avoid trapping signal much before. This will help you in getting perfect entry and exit point on your own. Track Europe market after 1.30 pm in SGX Nifty page for next trend of Nifty.
|Support & Resistance||
Watch Stock Pivot, Support and Resistance in "PIVOT POINT" page
Nifty Pivot Point- 10895
Nifty Support is at 10863, 10820
Resistance is at 10939, 10971, 11014
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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.