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NIFTY TREND TODAY
Date : 23-October-2019
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NIFTY TREND TODAY- 8.45 AM- - Nifty (spot)Technical chart pattern indicating Nifty is in over bought zone and in micro level still some negative left. Due to BN technical pattern in micro level be alert and apply chapter 7 strategy. Nifty today may open near 11580 and may small bounce may happen due to near lower Bollinger and BN pattern but technical pattern indicating SOR pattern. So Nifty may move down towards 11656 and then 11538. Watch while bouncing if Nifty able to hold above 11638 then only Nifty may move higher towards 11676. Today expect swing market and OHLC strategy trader will get trapped, so Option and Future trainee should use Chapter 9 technical strategy shown in Online Advance technical analysis to avoid loss at any condition as you can get chance everyday. Track Bank Nifty Intraday trend.
Track Europe market after 12.30 pm in SGX Nifty page for next trend of Nifty..
|Support & Resistance||
Watch Stock Pivot, Support and Resistance in "PIVOT POINT" page
Nifty Pivot Point- 11616
Nifty Support is at 11565, 11538, 11489
Resistance is at 11638, 11676
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Trick for Nifty Option Chain trader
Nifty Future and option chain depends upon the trend of Nifty. Nifty future trader can find the technical trend of Nifty future and nifty option chain to trade in future segment. In case Option segment do technical analysis, find trend and then perfect entry and exit point. 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.
What is Nifty Future trend today and Nifty option chain technical trend today?
Nifty Future is derived from Nifty 50 and has lot size 75. Trading in Nifty future or in option chain is very easy comparative to stock trading as you have to track only one. Another best thing is risk reward ratio is always favourable compared to stocks. In Nifty future and option chain trading finding trend is most important and then entry and exit point. In technical analysis one can easily find the Nifty trend today and entry and exit point in Nifty future trading. One can easily identify the false signal and levels much before. Using Technical Analysis Chart, we update daily Nifty future trend, nifty support and resistance of both Nifty and Bank Nifty future for Nifty Future and Option chain trader for study purpose before market open. Check accuracy and importance of Nifty trend technical analysis for one month. Stock trader can also use this data to predict stock market trend. Get only important Economic news and upcoming financial events from US, EUROPE and ASIA to predict the direction of market. These information and data can be used by new trader or technical trader for study purpose.