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 :-24-November-2017

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 DEC-6 .      US FED policy is on DEC 12-13.

                            

 

  • Nifty Trend today-  "EOD chart" or Daily chart shows Nifty is in the middle of Bollinger band and forming  "DOJI" pattern for 2nd day which indicates indecision and market is waiting for direction from Crude and Currency movement. Now Nifty is holding above 61.8% fibo retracement and 15DMA (10315) which is positive sign but sentiment is showing Bear may take control.  Now Nifty has support @10307. Weekly chart is indicating positive sign, Expect flat opening and side wise move in 1st half.  Market may take clue from Europe market opening and move accordingly after 2 pm. In case of positive movement expect 10410. Watch in down trend if unable to hold 10307 then expect 10257 level. Track Europe market after 1.30 pm in SGX Nifty page for next trend of Nifty.                                         

  • 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 near upper Bollinger band and range bound movement. Hourly chart shows Bank nifty may find support @25585. So today Bank nifty may open flat positive and move sidewise for couple of hour in between 25676 to upto 25903 level. After 2 pm Bank nifty may show clear direction. In case of positive move expect 25928(Upper Bollinger band). Watch Europe market in "Nifty Live" page for further trend of Bank nifty.
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- 10343

Today Nifty Support is at  10311, 10276, Resistance is at 10379, 10410

 

Bank Nifty Pivot Point- 25729

Today Bank Nifty support is at 25628, 25521 and resistance is at 25836, 25939

News

 

  • INDIAN data to watch- Know upcoming company quarter(Q2) result date to make trading strategy. Click here--Earnings Calendar 

  • 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.