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 :-17-July-2018

Technical Trend

          This is only for Technical chart study purpose and for our own student. Refer your advisor before using it.             

 

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RBI policy is on Aug 1.

Nifty Trend today- 8.45 AM-  "EOD chart" or Daily chart shows Nifty is in over bought zone and higher WPI data than expectation put further pressure on nifty and Bank nifty in 2nd half. Higher inflation will force RBI to hold or increase interest rate which is negative for market. Now hourly chart indicating over sold zone and looking for bounce. Here use Fibo(shown in e-Training) to know how much Nifty can bounce and watch 61.8% level. If crossed with volume then expect Nifty may try to hold 11002. Track Europe market after 12.30 pm in SGX Nifty page for next trend of Nifty.

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  •  Join e-Training Session to know practical pattern and strategies to make profit and protect principal amount.
  • Over Bought and Over Sold Stock -  Stock Trend   Check position of stocks in EOD chart.            

     

  • Bank Nifty Trend- 8.45 AM- EOD chart shows profit bookings and high WPI inflation may put pressure on RBI to hold rate, this is negative for market. Now Bank nifty hourly chart is in over sold zone and looking for bounce. Use Fibo retracement to know exact level Bank nifty can bounce. Bank nifty has support @ 26579, watch if crossed then next level is 26428. Expect swing market today.  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- 10950

Today Nifty Support is at  10902, 10885 Resistance is at 10989, 11017

 

Bank Nifty Pivot Point- 26749

Today Bank Nifty support is at 26578, 26477 and resistance is at 26850, 27020

News

 

  • INDIAN data to watch-   WPI Inflation, previous=4.43%, actual=5.44% which is negative for market.

  • RBI policy is on August 1. 

  • US data to watch-   

  • UK data-  

  • China news-  

  • 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.