Asked by: Linnie Lucenilla
personal finance options

What is the support level of Nifty?

Last Updated: 20th June, 2020

As long as it holds above 28,000 level,Nifty may witness an upward move towards 28,550 and then28,750 levels, while on the downside, supports are seen at28,000 and then 27,750 levels.

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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.

what is Earnometer? WWW.EARNOMETER.COM gives you complete trendanalysis reports of Shares, Commodity,Currency,Derivatives(Future& Options) for Intraday and Delivery( Short, Medium and Longterm) for Indian Stock Market. In short Earnometer is theone-stop solution for a trader/investor.

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.

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