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.



Date :-22-January-2018

Technical Trend

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


          RBI policy is on FEB -7, Budget-FEB-1. 

     OPTION trading part-2 video Click here


  • Nifty Trend today- 8.45 am-  "EOD chart" or Daily chart shows Nifty formed a bullish candle.  This is pre budget rally and driven  only by liquidity. SGX nifty shows Nifty to open flat near 10909 and try to hold above 10900. In 1st half expect small profit booking as hourly chart is in over bought zone but in 2nd half(after 2 pm) track and go with the flow. In weekly chart upper level is @11114, so before budget Nifty may try to touch 11000.  Track Europe market after 1.30 pm in SGX Nifty page for next trend of Nifty.                
  • 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 closed above upper Bollinger band. This is liquidity driven market before budget. Hourly chart indicates small profit booking  but overall sentiment is positive. Bank nifty may try to move above 27000 level. In 2nd half wait and go with the flow.  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- 10865

Today Nifty Support is at  10848, 10802, Resistance is at 10936,10977


Bank Nifty Pivot Point- 26766

Today Bank Nifty support is at 26800, 26665 and resistance is at 27099, 27189



  • INDIAN data to watch- RBI policy is on FEB-7

  • US data to watch-  No 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.