Use Nifty Trend today and Nifty levels for today for success in Trading
Posted: Jan 24, 2017
The Nifty 50 index is National stock Exchange of India’s benchmark stock market index for Indian equity market. Nifty is owned and managed by India Index Services and products (IISL), which is wholly owned subsidiary of the NSE strategic Investment corporation Limited. It covers 22 sectors of Indian economy so trader must know the trend of Nifty to know stock trend.
1. Use Technical analysis method
Importance of Index Nifty
Index Nifty comprises of top 50 stocks. Nifty is a best indicator of stock trend and market. You must have noticed that when Nifty move up, maximum stocks move up and when Nifty moves down most stock moves down. So "Nifty trend today" can be taken as indicator for stock trend. So most successful trader and technical trader first watch the Nifty trend. "Nifty Today" pageis updated daily with technical trend, support and resistance and world news.
Know opening trend of Nifty before market opens
SGX Nifty, also known as Singapore Nifty is derivative of NIFTY index traded officially in Singapore stock exchange. Nifty trades for six and half hours on national stock exchange but NIFTY Future on SGX is traded for sixteen hours from 6.30 am to 11.30 pm as per Indian time. Due to long hour trade it is affected by world economic news and political events and takes direction accordingly. So the sentiment or trend of Indian market can be derived from SGX Nifty future price as SGX nifty opens before NSE. Here user can use our SGX Nifty Live chart to know the opening trend of Indian market at 8.30 am daily. Example-if SGX Nifty is 50 point positive than the Indian nifty future closing price then Indian market will open gap up 50 point and vice versa. Also get Nifty pivot point, trend, support and resistance in Nifty Today.
Bullish and bearish stock is updated here daily in "stock trend". Stock direction depends upon nifty direction. So first know the nifty trend, if nifty trend is bullish the select bullish stock from Stock trend page and in case of bearish market select bearish stock to trade.
Or you can use EOD technical chartto research and find the trend of your own. Learn "How to learn Technical chart?"
2. Pivot trading strategy or range trading
Those who find it difficult to study technical chart they use pivot trading strategy to trade. It is used to find directional movement and support, resistance.
Use our advanced pivot and camarilla levels calculatorto find pivot and support and resistance of any stock to trade.
How this works?
In pivot calculator enter previous day High, Low and Close price of any stock and calculate the pivot point and support S1, S2, resistance, R1, R2 for today. First find the opening trend of Nifty in free SGX Nifty live chart page and then Nifty Today. If nifty trend is positive then most stock will have bullish movement. After opening of market find which stock has same "open" and "low price". That shows stock has bullish movement and then calculate support and resistance using pivot point calculator. If stock price is below R1 then keep stop loss @ S1, When that stock cross above (R1) in fig. keep R1 as support and make target as R2. In case of bearish nifty movement find stock that has same "open" and "high" price. Short sell it and when it goes down and cross S1, make target as S2 and keep stop loss @S1. This method is less effective than Technical analysis method. Use both methods for better result.
Mr. Arthur Jackson, Technical Analyst and Founder of Nifty Trend providing trading advisory services in Nifty today, Equity, Derivatives and Commodity market. He also made a guest appearance in various workshops which were conducted on stock market awareness.
Mr. Arthur Jackson, Technical Analyst and Founder of Nifty Trend providing trading advisory services in Nifty Future Trading Tips, Nifty Trend for Today, Equity, Derivatives and Commodity market.