What is intraday trading and Nifty Trend for today?

Buying and selling same quantity of financial instrument like stocks, future contract or option contract with in the same trading day is called 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. 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 trading. Before using this section read our disclaimer.

Intraday Tips

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NIFTY TREND TODAY

Date :-27-June-2017

Technical Trend

      

        

                                          GST rollout on July 1.

                       

  • Nifty Trend today-  Today Nifty may open above 9600.  "EOD chart" or Daily chart shows Nifty is near its 15 day moving average which is @ 9628. "Hourly" technical chart shows oversold zone and bounce back. So today in 1st half expect opening near 9602 and Nifty may try to cross and hold 15 day moving average which is 9628. If crossed and hold 9628 then market may try to cross 9650 otherwise it may head to 9500 level. Due to expiry week expect volatile market, be alert.  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--  In EOD chart 15 day moving average is @ 23562. EOD is showing negative trend be alert.  Hourly chart shows Bank nifty is in over sold zone and looking for bounce back upto 23700. So today Bank nifty may open flat positive and may try to cross and hold 23700 level. If crossed and hold 23700 then It may move sidewise for couple of hour there to hold the level and further move upward. 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- 9595

Today Nifty Support is at  9565, 9542, Resistance is at 9628, 9655

 

Bank Nifty Pivot Point- 23609

Today Bank Nifty support is at 23440, 23338 and resistance is at 23711, 23840

News

 

  • INDIAN data to watch- GST rollout on July 1. Don't misled by rumours.

  • US data to watch- No major data.

  • China news- No major data.

  • UK data- No major data

  • Japan Data- Retail sales, previous=3.2, forecast=2.1

Remark use SGX nifty chart to know opening trend of nifty.