Asked by: Linnie Lucenillapersonal finance options
What is the support level of Nifty?
Last Updated: 20th June, 2020
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Also to know is, what is resistance level and support level in stocks?
The support and resistance (S&R) arespecific price points on a chart which are expected to attractmaximum amount of either buying or selling. The supportprice is a price at which one can expect more buyers than sellers.Likewise the resistance price is a price at which one canexpect more sellers than buyers.
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Thereof, what is Bank Nifty Future?
Bank Nifty Future is a derivative contract tradedon National Stock Exchange of India (NSE) whose underlying isBank Nifty Index. This means that Bank Nifty futureswill derive its value from the BankNifty index which in turnis dependent upon the movement of top banking stocks in theindex.
What is pivot point in trading?
Pivot points are used by traders in equityand commodity exchanges. They're calculated based on the high, low,and closing prices of previous trading sessions, and they'reused to predict support and resistance levels in the current orupcoming session.