Nifty future charts are very useful to find out exact areas of support as well as resistance over the daily chart. As charts are representation of historical data, it becomes very useful to see how markets have reacted earlier to those levels and depending on that reaction, history may repeat itself. Now see a level where nifty future previously found support on that daily chart, then check which ... [Continue Reading]
Trade Nifty Future Using Fibonacci Support Resistance Levels with High Accuracy
Fibonacci retracement levels are highly used by professional traders, as these levels acts as support resistance. This tool just needs recent high (Swing High) and recent low (Swing Low) to plot retracement levels over the nifty future charts. Price action reacts to these levels in a very accurate fashion, you will see market finding support or facing resistance around these levels. Professional ... [Continue Reading]
Trend Following Trading System for Nifty Future and Bank Nifty Future
If you are a trader your first priority will to know the overall trend, if you are a nifty future trader or bank nifty future trader you must have an idea which way market will be moving. You need to take the position in direction of daily trend and not against it; these are one of the principles of a successful professional trade. You will need a charting software and EOD data for nifty future ... [Continue Reading]
Major news event that affect nifty future the most
Most important news release that move nifty future significantly are related to fundamentals, these fundamental news events when becomes public nifty trades with very high volatility. These news events are: 1. GDP data: GDP data is a simple figure that implies growth of any economy, it is seen that nifty future move almost 120 points when this is released. 2. Inflation data: Inflation is watched ... [Continue Reading]
Understand open interest in nifty future, why it is so important
Open interest is the total number of long and short positions open in a particular contract; it is major indicator for professional traders trading in high volume. Nifty future being most traded future contract, it is very important for nifty future traders to know the basics of open interest. Here I will explain you with the help of an example. Trader P buys 1 lot nifty, trader Q sells 1 lot ... [Continue Reading]
- « Previous Page
- 1
- …
- 22
- 23
- 24
- 25
- 26
- …
- 59
- Next Page »