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.

www.niftytrend.in

NIFTY TREND TODAY

Date :-18-August-2017

Technical Trend

   

               RBI Policy  is on October 4 

               Next US FED meet- September- 19, 20

 

  • Nifty Trend today- Nifty may open near 9850. "EOD chart" or Daily chart shows Nifty is near 50% retracement level in Fibonacci retracement thus reversal of trend to negative . Hourly chart is in over bought zone. So today overally expect Nifty to open negative near 9850 and try to move sidewise above 9870 in 1st half. But due to negative Asian market Nifty may further fall to 9812 or Nifty may retest 9775 level. 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 is near 50% retracement level in Fibonacci retracement level thus indicating trend reversal to negative. Hourly chart shows Bank nifty is in over bought zone.  So today expect Bank nifty to open negative near 24035 and may move side wise there. Watch if Bank nifty breaks below 24010(15 day moving average) then it may further slip to 23908 level in down trend. 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- 9911

Today Nifty Support is at  9846, 9812, Resistance is at 9927, 9947

 

Bank Nifty Pivot Point- 24284

Today Bank Nifty support is at 24037, 23911 and resistance is at 24353, 24447

News

 

  • INDIAN data to watch-  Next RBI policy is on October 4.

  • US data to watch-  Consumer sentiment, previous=93.4, forecast= 94

  • Next US FED meet- September- 19, 20

  • China news- No major data.

  • UK data- 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.