Asked by: Linnie Lucenilla
personal finance options

What is the support level of Nifty?

18
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.


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.

Related Question Answers

Robledo Linnenbrink

Professional

How do you identify a trend?

Identifying Trends
Trend analysis is a section of technicalanalysis that explains trends and helps traders definedirection. The most common way to identify trends is usingtrendlines, which connect a series of highs or lows. Uptrend: Ifyou can connect a series of chart low points sloping upward, youhave an uptrend.

Maimuna Toasa

Professional

What is a buy point?

A "buy point" for a stock is a range or price atwhich an investor or trader will agree to enter/purchase a stockposition. This is commonly based on two general forms ofevaluation: the fundamental value of a company's stock or the priceof the stock relative to it technical price tradingranges.

Shelena Rietveld

Professional

What is Level 3 in stock trading?

Understanding Level 3
A level 3 quote allows a person to enter intobest execution trades as prices are being updated in realtime. The bid is the highest price an investor is willing topurchase a stock. The ask is the lowest price in which aninvestor is willing to sell a stock.

Abderrezzak Sornam

Explainer

What are resistance levels in stocks?

In stock market technical analysis, support andresistance are certain predetermined levels of theprice of a security at which it is thought that the price will tendto stop and reverse. These levels are denoted by multipletouches of price without a breakthrough of thelevel.

Mai Ganito

Explainer

What is Fibonacci Trading?

A Fibonacci retracement is a popular tool amongtechnical traders. In technical analysis, a Fibonacciretracement is created by taking two extreme points (usually amajor peak and trough) on a stock chart and dividing the verticaldistance by the key Fibonacci ratios of 23.6%, 38.2%, 50%,61.8%, and 100%.

Roshni Matanca

Explainer

What is a resistance line?

A Resistance Line, sometimes also known as aSpeed Line, helps identify stock. and investors to determinethe price trend of a specific stock. They are very useful inpredicting the probable movement of stock prices and helping peopleinvest in the right stock. Resistance lines are usuallydrawn on a high to low basis.

Armando Srivathsan

Pundit

How is RSI calculated?

Calculation. To simplify the formula, theRSI has been broken down into its basic components which arethe Average Gain, the Average Loss, the First RS, and thesubsequent Smoothed RS's. For a 14-period RSI, the AverageGain equals the sum total all gains divided by 14. The table belowillustrates the formula in action

Kemal Blanquet

Pundit

How do I trade pivot points?

To calculate the pivot lines you should then apply thefollowing formulas:
  1. Pivot Point (PP) = (Daily High + Daily Low + Close) / 3.
  2. R1 = (2 x Pivot Point) – Daily Low.
  3. R2 = Pivot Point + (Daily High – Daily Low)
  4. R3 = Daily High + 2 x (Pivot Point – Daily Low)
  5. S1 = (2 x Pivot Point) – Daily High.

Bilaly Leyser

Pundit

Can I buy Bank Nifty?

Like the Nifty, those bullish on banks can buyBank Nifty futures comprising 30 shares, or buy a calloption on Bank Nifty. Bears can similarly short orsell Bank Nifty futures or buy a put option on theindex.

Charline Laggenbeck

Pundit

What is CE & PE?

PE = put European. Basically its contract. IF youbuy 5200 nifty CE means you bought contract to buy nifty at5200 at expiry. In India options are cash settled . so at expiry ifnifty is 5300 then 100 is your profit ( - premium i.e. price ofcontract).

Leroy Finan

Pundit

How can I get profit in Bank Nifty?

To sell a same nifty options contract, tradershave to pay around = nifty future margin of 58,800/-plus 7500 rupee premium amount = 66,300/- rupees. Niftyfuture profit loss will be calculated like this:Nifty future buy call 9800 to 9900 mintedprofit +100 points and its 1 point is equivalent to 75rupees.

Otilio Kleegrafe

Teacher

What is Bank Nifty expiry?

BANKNIFTY monthly options contracts expireon the last Thursday of the expiry month and weekly optionscontracts expire on every Thursday of the week. If the lastThursday is a trading holiday, the contracts expire on theprevious trading day.

Huamei Naberan

Teacher

Can we buy and sell Nifty?

Yes you can buy nifty as an index buyinvesting in index funds or Index ETF . Yes,it is possible tobuy Nifty 50, but you can only buy Nifty 50 infuture and option not in cash.There is a contract in future andoption,the expiry date of every contract is the last thursday ofeverymonth.

Xenxo Copmans

Teacher

What is lot size of Bank Nifty?

Effective from today, Bank Nifty lot size hasbeen changed from 40 to 20. If you have an existing position withone lot of 40, your position will now be for 2 lotsof 20 units. The maximum size per order (order freezequantity) remains the same at 2500 (125 lots).

Pasquale Quittard

Teacher

How many types of Nifty are there?

Full form of NIFTY is National Stock ExchangeFifty. It represents the weighted average of 50 Indian companystocks in 13 sectors and is one of the two main stock indices usedin India, the other being the BSE Sensex.

Bailo Weichlein

Reviewer

What are futures options?

A futures contract allows you to buy or sell anunderlying stock or index at a preset price for delivery on afuture date. A call option gives a buyer the right topurchase an underlying stock or index at a preset price during acontract's liquid life -- a month or also week in case of BankNifty.

Virginidad Kunel

Reviewer

How can I trade futures in India?

Step 1: Buy Equity Future
Assuming that you have an account with a share brokerin India to trade in F&O segment; the first stepis to buy (or sell in case of short-selling futures) afuture contract. You can visit NSE or BSE websites to checkthe available future contracts for indexes as well assecurities.

Loretta Laurina

Reviewer

What is r1 r2 r3 in trading?

Pivot points are a classical intervention technique inthe Stock Market. Pivot points (PP), Resistance (R1 R2 R3)or Support (S1 S2 S3) are impressive because of the clearindications they can give the trader.

Darek Pusche

Reviewer

What is Camarilla indicator?

Camarilla indicator, also known asCamarilla pivot points, draws precise support, resistance,target and breakout levels for intra-day trading. Takingyesterday's price High, Low, Open, and Close points, Camarillaindicator calculates 11 levels.

Co-Authored By:

EveryThingWhat Staff Editor

11

20th June, 2020

81

86% of readers found this page helpful.

4.1/5

Click a star to add your vote

Similar Asks
Trending