Intraday Nifty Chart
Intraday nifty chart displays the data, graph or candles of only intraday nifty. Chart data is displayed from morning and ends up in the evening.
Intraday index chart is divided in to two types.
Live intraday chart and intraday EOD (IEOD) chart.
Live intraday chart is the present day data which will be streamed till evening
Intraday EOD chart is any previous day’s chart in which candles are displayed from morning to evening.
There is also another type of chart where EOD charts have candles or data, one per day, week or month which will not show any intraday nifty chart data for any day.
In this article, we explain how to trade on live chart using Bollinger bands theory.
In bollinger bands, there are 2 bands and a moving average which guides through the market trend.
Upper bollinger band is placed above the moving average of intraday nifty chart
Lower bollinger band is placed below the moving average of nifty intraday chart
In general, the moving average used with bollinger bands is 20 period simple moving average.
Buy nifty future when W Bottom forms and cuts the higher high on Live nifty chart
Sell nifty future when M Top is formed and cuts the lower lows on intraday nifty chart
Posted on: 2016-11-01 16:46:53 Updated on: 2016-11-01 16:46:53