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 :-21-July-2017

Technical Trend

      

                       

                                               US FED meet on July 26.

                                             RBI policy is on August 1.

 

  • Nifty Trend today- Today Nifty may open flat near 9875.  "EOD chart" or Daily chart shows formation of bearish dark cloud cover candle pattern indicating bearish move but liquidity may support Nifty. Hourly chart shows Nifty is in middle of Bollinger band and indicating no clear trend. So today overally expect Nifty to open flat. Watch heavy weight share Reliance AGM today for dividend. In dividend anticipation trader may bet on Reliance and it may drive market further upward. If it sustain over 9929 for couple of hour then Nifty may move upto 9952. If not sustained then Nifty may further move down upto 9829. 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 Bank nifty trend is up ward upto 24291. Hourly chart shows Bank nifty closed near it's short term moving average @24168 indicating sidewise movement. So today Bank nifty may open flat and may move up upto 24291. But candle pattern and technical chart is indicating correction.  Only liquidity is driving this market. Be careful as correction may take place any time. 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- 9886

Today Nifty Support is at  9850, 9827, Resistance is at 9909, 9945

 

Bank Nifty Pivot Point- 24229

Today Bank Nifty support is at 24103, 24033 and resistance is at 24283, 24351

News

 

  • INDIAN data to watch-  Watch earnings calander- .Today watch earnings of Ashok leyland.

  • US data to watch- No major data.

  • China news- No major data.

  • UK data- No major data

  • Japan Data - Bank of Japan interest rate change, previous= -0.1%, forecast= -0.1%

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