BANK NIFTY TRADING TIPS - Stuck in a range and facing strong resistance at current levels. (Updated On 11th July 2014, Friday).

  • BANK NIFTY FUTURE hourly chart indicates that it is stuck in a range of 15800 - 14650, once it come out of its range with volumes then sharp move is expecting till then intraday trend will be mix for bank nifty. Hourly chart also indicates that bank nifty is trading below 200 hours moving average, that will favor bears.
  • Daily chart of bank nifty indicates  that if BANK NIFTY falls from current levels then will find strong 23.6%  fibonacci retracement support around 14400.
  • (Short term trend) - Weekly chart indicates that bank nifty facing strong trend line resistance and too facing 261.8%  fibonacci retracement (nearby). If breaks its support in daily and hourly chart then we can see some selling in bank index.
  • (Long term trend) - Monthly chart indicates that after making a bullish breakout index is on up move and will find  its 161.8%  fibonacci retracement around 16500 in long run. (as shown above).


What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips