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 :-19-February-2018

Technical Trend

          This is only for Technical chart study purpose and for our own student. Others please don't use it.             

                          

   

          Nifty Trend today- 8.45 am-  "EOD chart" or Daily chart shows Nifty  is forming Death cross pattern which indicates further negative. In Weekly chart, Nifty closed below 15DMA(20507) which indicates  further negative. SGX Nifty indicating flat positive opening near 10460. This is expiry week. So overally expect volatile swing market, flat positive opening in 1st half as Hourly chart is in over sold zone. So expect some bounce back initially. But watch 10421, if crossed in downward, expect 10388 next level. Rising NPA and PNB case may have negative impact on Nifty and Bank nifty may drag nifty down upto 10354(100DMA) in couple of days..  In this volatile market(Best for Option trading) you should have more money to implement "Hedging" process to protect principal amount. Otherwise you cann't survive in this type of volatile market. So you should know Future, Option and short selling to survive in market and earn from negative market. Track Europe market after 1.30 pm in SGX Nifty page for next trend of Nifty.                

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  • Important trick--Student should track Q3 result of Nifty 50 company to know how share price behave or move before 3-4 days of result announcement in EOD chart. To know result date of company--Click here                      

  • 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  shows,  Bank nifty may form death cross pattern in near term which is negative. In weekly chart Bank nifty closed below 15DMA, which is bearish trend. Now Bank nifty is below 100DMA(25406) which indicates negative. Hourly chart is in over sold zone so expect some bounce initially. Watch if crossed above 25400 then Bank nifty may move upto 25566. But expect correction latter with high volatility due to expiry week. In EOD chart Bank nifty lower Bollinger band level is @24698. Use technical chart and Hedging process to survive in this market.  Student should not trade if you are not using Heding and  doing naked trading(one sided).   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- 10499

Today Nifty Support is at  10387, 10322  Resistance is at 10546,10578

 

Bank Nifty Pivot Point- 25288

Today Bank Nifty support is at 24977, 24790 and resistance is at 25300, 25475

News

 

  • INDIAN data to watch-  Trade deficit, previous= $ -14.8B, actual=$ -16.3B

  • US data to watch-No major data.

  • UK data- No major data.

  • China news-  No major data.

  • Japan Data -  No major 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.