Nifty Outlook welcomes all Nifty Traders here. If you are looking for Nifty Trend or Nifty Trend Today than you are at right place. On this page you will find Nifty Trend, Nifty Levels, Global Financial Events which can effect Nifty Trend, Pivot point and more useful Trading Points. This page will help you to find a good and profitable trade.
Nifty Trend Today
“Date : 24 Dec 2018”
Nifty Index closed on Negative side losing 1.81% at 10754. As we have seen that last week Nifty managed to touch week’s high at 10985 where strong resistance was lying at 10950 levels. If Nifty manages to close above these resistance levels then we can see a Positive Nifty Trend and some new levels up to 11100.
Support for the Nifty Index is lying at the 10600 levels where Short Term, Mid Term and Long Term levels are lying along with Fibonacci levels. If Nifty manages to close below these levels than we can see a negative Nifty Trend for short term and 10300 levels.
Nifty Trend Today
A strong resistance for the 24 Dec 2018 is lying at 10900 levels and strong support is lying at 10600 levels on EOD charts. So, as of now Nifty Trend for Today is negative view strong Bearish Candle.
If Nifty manages to stay on either side of these levels then we will see a 150 to 200 points move on respective side.
Nifty Outlook for week is coming with negative data. Nifty shown Long Bearish Candle which indicates that Nifty may further decline up to 10600 levels. Nifty Outlook for the week is 103o0 on negative side and 11100 on positive side. Resistance is coming at 10985 levels where last week’s high is lying.
Nifty Support : 10600
Nifty Resistance : 10950
Pivot Point : (Click Here For Pivot Point Calculator)
Conclusion : We can see decline in Nifty Trend on Monday, 24 Dec 2018.
More About Nifty Trend
What is Nifty Trend? Nifty Trend today is the direction of Index, direction may be in positive or negative side. On Nifty Outlook, I publish Nifty Trend, Support, Resistance and Pivot Point for online Option and Future Traders using Technical Analysis Chart. These all informations are only for study purpose.
Online Stock Traders can use these data for Stock Market Trend prediction. What is Day Trading or Intraday Trading? You are here on this page to know about Nifty Trend for Today, I assume that you are aware of Day Trading or Intraday Trading. If you are not, that here is a simple definition of Day Trading – “Buying and selling same quantity of financial instrument like stocks/shares, Future or Option contract, Commodities, Forex on the same trading day is called Day trading or Intraday Trading”.
How to use these Informations?
On this page few sections are published like Nifty Trend, Nifty Levels, Pivot Point and News. Traders can use these sections to know about upcoming important global financial events, which can affect Nifty Trend. Specially Intra-Day traders and Positional traders use these upcoming important events to make their trading strategies. For example – Before Election, RBI Policy or any important financial event we see rally on either side on Nifty Index.
So, if you are aware of these event dates before the events then you can make profitable trades.