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Nifty Futures Free Live Technical Chart And Uses Of Technical Indicators
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CNX Nifty is the Blue chip index of NSE. Now it is called Nifty 50. It comprises top 50 companies having large market capitalization from different sectors like Bank, Consumer Goods, IT, Auto, Capital Goods etc. So if Nifty moves then stock also moves in the direction of Nifty. So trader should know Nifty Trend.
There is a misconception among people or stock market trader that market is a game of gamble due to lack of knowledge. But there are a lot of things a trader should know before entering market. People don’t research but listen to the rumors and trapped.
How to study Live Technical chart?
Without Nifty Trend it is very difficult to take a position in buy/sell side in any stock and options. Trader can use different type of indicators to study but better use “Bollinger Bands”, moving Average, MACD and Stochastic as these give more clarity in direction.
In the chart 1st section of above Nifty Future Live Chartis called candlestick pattern. In this part price moves in a closed boundary that is called lower and upper Bollinger band. Watch when price touches any of the boundary trend reversal occurs. So Bollinger boundary gives us limit of price movement and trend reversal point. Use Free NIFTY FUTURE LIVE CHARTsection to study technical chart and uses of MACD, Moving averages, STOCHASTIC and BOLLINGER BAND and find Nifty Trend.
Moving averages like short term and long term moving averages are used in technical charts to determine trend. Two lines crossing each other inside Bollinger bands are called moving average. When short term moving average line cross long term moving averages upward, trend becomes bullish and incase of downward cross trend becomes bearish. So this gives trend. MACD-moving average convergence divergence. This is the crossover of short and long term moving averages. Watch and compare MACD with candle stick direction in 1st section, when cross over takes place in upward direction in MACD, stock moves upward and in reverse stock moves downward. Also watch the buy volume and sell volume bar in MACD increases and decreases with stock movement in bullish and bearish trend.
Last section is called stochastic. It shows the overbought and over sold zone. When stochastic is below 30, it is called over sold zone and any time buyer can take control and stock may move upward. When stochastic is above 70 levels then this is called over bought zone and any time selling pressure or profit booking may come. Study these 3 sections and compare with each other to get clear trend of stock. Paper or do virtual trade to practice .Learn candlestick pattern and use with technical analysis to get better result.
Trader can use 5min, 15 min intervals to know the trend for short term. However 60min interval or hourly interval will give more clarity about Nifty Trend for any day. This is for traders holding their position anywhere ranging from 1-7 hours and Daily interval will give more clarity about the carry forwarding positions to next day.
Mr. Arthur Jackson, Technical Analyst and Founder of Nifty Trend providing trading advisory services in Nifty Trend Today, Equity, Derivatives and Commodity market. He also made a guest appearance in various workshops which were conducted on stock market awareness.
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