How to Trade Nifty Today?

Nifty Spot View: 20/01/2023
Cmp: 18107.85
Support & Downside Range: 18085—18063—18045 zone, 18030—17925
Resistance & Upside Range: 18150-- 18215—18265--18340
Short Term Trend Reversal Level: --
Trading View: Yesterday we saw an inside day trading session where nifty did not break day before yesterday high as well it's low and options writers dominated yesterday's trading session, in today intraday trading session key level to watch is 18063 spot levels if this gets break than we may see another sideways and range bound day ahead of weekends whereas if bulls manage to hold 18063 spot levels than we may move upside immediate towards 18150 to 18215 spot levels.

Nifty January futures ended at 18,105.60, a discount of 93.55 points. 

Nifty January futures fell 6.24% and 14,153 shares in Open Interest. 

Nifty Bank January futures ended at 42,316, a discount of 207.20 points. 

Nifty Bank January futures rise 9.99% and 687 shares in Open Interest. 

Securities added to the ban period: Delta Corp, Gujarat Narmada Valley Fertilizers & Chemicals,L&T Finance Holdings

Make money using our Nifty option tips on a daily basis.

Trading the Nifty 50 index successfully involves several key steps:

• Understand the index: Before trading the Nifty 50, it's important to understand what the index represents and how it is constructed. The Nifty 50 is a stock market index that comprises 50 of the largest publicly traded companies in India.
• Study market trends and economic indicators: Keep yourself informed of the economic and political developments in India, as these can have a significant impact on the Nifty 50. Follow market trends and analyze charts to identify patterns and potential opportunities.
• Develop a trading strategy: Based on your analysis, develop a trading strategy that suits your risk tolerance and investment goals. This could include buying and holding, day trading, or swing trading.
• Use technical analysis: Use technical analysis tools like moving averages, RSI, and MACD to identify entry and exit points.
• Practice risk management: Always use stop-loss orders to limit your risk, and never risk more than you can afford to lose.
• Diversify your portfolio: Diversify your portfolio by investing in sectors or stocks other than Nifty 50, in order to minimize the risk associated with a single stock or sector.
• Stay disciplined: Stick to your trading plan and avoid emotional trading decisions.
• It is important to note that trading successfully involves a lot of time and effort, along with consistent practice and patience. It is always recommended to seek guidance from experienced traders and financial professionals.
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