Stock, Index future or stock future trade having a target range of 2 to 7 days is called as short term positional trade. Positional trade can be done in stocks, stock future, stock option, index future, index options etc. In this page you can find Technical trend of Index like Nifty and Bank Nifty. Technical Trend is updated daily here. This trend is only for educational purpose to learn technical chart in EOD page. We research EOD data, economic news and post technical trend so that our own student, beginners and clients can learn technical chart. Technical trader can use this data for study purpose. Use stop loss and trailing stop loss to avoid loss.
US FED signals plan for additional rate hike this year and unwinding of stimulus and North Korea threat which is negative for Indian market for short term(1-2 days) but overall Indian market sentiment is positive.
Nifty Positional trend- Nifty EOD chart shows Nifty upper level is 10212 and lower level is 10052. Weekly chart shows movement upto 10252. Nifty sentiment and technical chart indicating uptrend upto 10252(high level in Weekly time interval chart) but continuous threat from North korea and downgrading of China by S&P may brake Nifty rally for couple of days before RBI policy.
Bank Nifty Positional trend-- Bank Nifty is in over bought zone. China downgrade and North korea threat may clear a path for profit booking upto 24650(15 DMA). Weekly Chart showing upper level of 25297 and lower level of 24655. Bank nifty all time high is @25198.
Positional Trading Strategy-
Positional trader should use EOD chart in “EOD chart page” to find technical trend. In above Table viewer can find probable support and resistance and trend. First use technical chart in EOD page to analyze trend of Index like Nifty and Bank nifty and compare with the trend posted here to learn technical chart and find the trend on your own.
First analysis the trend of Nifty and Bank nifty as it is easier to track than stock trend. In case of Stock there are 3000 stocks listed in exchange but online stock trader should trade only in stocks that are traded in derivative segment, as they follow technical trend. When Index moves up, stock also moves up. If Nifty trend is positive then most stock will move up and you can make strategy in buy side. In case of negative, make strategy to short sell market. Similarly if Bank nifty is positive then top banking stock will have positive trend and stock trader make trading strategy accordingly.
Index Future Trading Strategy.
Students those who are interested in doing Nifty future and Bank nifty future trading, should first read the simple trick in “EOD Page” and trade in paper pen (Virtually). Future trading in Nifty is safe comparative to ‘Option trading’. In any trade trader should first know the trend, either positive or negative. Then only it will be safe and easier for online trader to initiate trade. In case of Future trading trader can roll-over position and using technical chart trader can minimize his loss to a great extent. Trader should use Stop loss always to protect his capital from uncertainty.
Option Trading Strategy
Students before buying any Options first know the trend. If positive then buy ‘Call Options’ and in case of negative buy ‘Put Options’. Use ‘Heikin Ashi’ bar style and ‘Stochastic’ in EOD chart page to find the low level and High level of Nifty and Bank nifty to hold position. Always try to buy “At The money” strike price and trade in the first 15 day of month to avoid ‘Time value’ and ‘Premium’ loss.