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BANK NIFTY TREND TODAY
Date : 23-October-2019
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BANK NIFTY TODAY- 8.45 AM- Bank nifty (spot) Daily Technical Chart pattern indicating Bank nifty is in a unique technical position which is very very rare. In daily chart and weekly chart apply false trend identifier(Chapter 3). You can observe that in daily chart Bank nifty is just above 61.8% and above 100 DMA but in weekly chart just below 61.8% level @29655. Now in micro level Bank nifty is indicating small profit booking. So all three indication is opposite to each other so we have to wait till clear trend. Today Bank nifty may open flat and move side ways above 29333 and watch if able to sustain above it then will again try to move towards 29655(61.8% in weekly chart). Watch if not able to sustain above 29253 then expect free fall towards 29000. OHLC and SUPERTREND strategy follower will get trapped today due to swing market. Option trader should use chapter 9 shown in Advance technical analysis to avoid loss and protect principal amount at any condition as you can get chance to trade everyday. Track Nifty Trend today
|Support & Resistance||
Bank Nifty Today Pivot Point- 29444
Bank Nifty Today Support is at 29333, 29253, 29000
Resistance is at 29655, 29897
Other Important Pages
Trick Bank Nifty Future and Bank Nifty Option Chain trader
Bank Nifty future and option chain trader totally depends upon Bank Nifty trend. With out trend you can't decide to buy or short. Nifty or Bank nifty. Online trader can Bank Nifty Options chain trader loose lot of money as premium and time value due to difficulty in finding technical trend.So you can get Bank Nifty today Trend before market open. Also get Bank nifty future intraday trend to learn technical analysis. Also you can take our Online Technical Analysis course video to learn. 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 in Nifty Trend Today page 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.
What is Bank Nifty Future and why to Track Bank Nifty Today?
Bank Nifty today trend is updated in this page daily before market open @ 8.45 AM for our Bank nifty future and Bank nifty options trainees to learn. You can find free bank nifty future trend, support and resistance levels of Bank nifty and do Bank nifty option chain analysis.
Bank nifty comprises of 12 most large capitalized stocks from Indian Banking Sector. Bank Nifty index share is almost 26% of Nifty. Bank nifty has the highest weightage in Nifty. So in case of any news on Bank nifty, it has strength to change trend of Nifty. Bank Nifty future has lot size of 20. Bank Nifty future trend is always volatile so with out getting proper technical Analysis Training it is difficult to find trend and with out trend you cannot take decision to go for buy or sell Bank nifty future or in Bank nifty option chain. Bank Nifty Option Chain trader loose more money in premium and time value due to not getting perfect trend. Also without perfect trend it is difficult to find perfect entry, exit point and where to give stop loss. Check our accuracy for one month and then decide to join our e-Training on Technical Analysis online.