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
This is only for Technical chart study purpose and for our own student. Others please don't use it.
US and China trade war escalate as both increased import tariff on each others goods. Negative for world market.
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Course-Study technical chart, Diff. Technical Pattern, Know buying and selling point, Practical trend, Different strategy to protect principal amount.
Nifty Trend today- 8.45 am- "EOD chart" or Daily chart shows Nifty(spot) yesterday again unable to hold 10161 level which is negative from technical point of view. Trade war(see in below news section) between US and China is negative for world market. Expect Black Friday today. So Nifty may open gap down 120 point near 9980. But be careful as 10000 is a good support for Nifty, so Nifty may bounce back to hold 10018. But again may move down below 10000. So expect volatile swing market in 1st half. After opening of Europe market Nifty may move further down. So today Nifty may slip towards 9975 and then 9934. Use technical chart to find perfect entry and exit point. In this Volatile market(Best for Option trading) you should have more money to implement "Hedging" process to protect principal amount. Stock or Equity trader should shift to OPTION trading in this volatile market. Otherwise you cann't survive in stock intraday trading in this type of volatile swing market. 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- 10142
Today Nifty Support is at 10018, 9975, 9934 Resistance is at 10156,10197
Bank Nifty Pivot Point- 24141
Today Bank Nifty support is at 23834, 23600 and resistance is at 24271, 24402
|Remark||use SGX nifty chart to know opening trend of nifty.|
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.