What is intraday trading and Nifty Trend for today?

Buying and selling same quantity of financial instrument like stocks, future contract or option contract with in the same trading day is called 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. 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 trading. Before using this section read our disclaimer.

Intraday Tips

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NIFTY TREND TODAY

Date :-29-June-2017

Technical Trend

      

                                   

                                               US FED meet on July 26.

                                             RBI policy is on August 1.

 

  • Nifty Trend today-  Today Nifty may open above 50 day moving average @9503.  "EOD chart" or Daily chart shows stochastic is in over sold zone. Hourly chart is in over sold zone and may bounce upto 9535.  Today is June month F&O expiry, so today nifty may open positive and move in a positive range upto 9535. Watch 2nd half, if Europe opens positive then expect a movement upto 9565-9575.  Due to expiry week expect volatile market.  Track Europe market after 12.30 pm in SGX Nifty page for next trend of Nifty.                                  

  • Nifty, Bank Nifty  Positional Trend.
  • For Stock trading please refer  Stock Trend                  

     

  • Bank Nifty Trend-- EOD chart is showing stochastic is near 26 level. Hourly chart shows Bank nifty is in over sold zone and looking for bounce back upto 23387. So today Bank nifty may open flat positive and may try to cross and hold 23350 level. But due to expiry of F&O today it may remain volatile and in 2nd half watch it for movement upto 23500 level.  Watch Europe market opening 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- 9495

Today Nifty Support is at  9467, 9447, Resistance is at 9515, 9542

 

Bank Nifty Pivot Point- 23219

Today Bank Nifty support is at 23119, 23033 and resistance is at 23325, 23426

News

 

  • INDIAN data to watch- GST rollout on July 1. 

  • US data to watch- US FED meet for interest rate change is on July 26.

  • GDP growth rate, previous=2.1%, forecast=1.3%

  • China news- No major data.

  • UK data- No major data

  • Japan Data- Retail sales, previous=3.2, forecast=2.1

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