Nifty Intraday For New Traders

About Nifty index

The nifty is an index that represents 50 stocks present on the stock market and signifies 21 sectors in the Indian economy. This is used for measuring the index funds, index based derivatives and bank portfolios. The Nifty is actually a joint venture between the CRISIL and NSE and is under the management and ownership of Indian Services & Products Ltd. (ISPL). It is regarded as the only organization that is focused mainly on Nifty index to be its principle product. This company is licensed to market by Standard & Poor, the world’s premier index services.

What is intraday trading?

Intraday trading is actually a critical tool, in the marketing and trading strategies of assets and capital goods. Intraday, basically means happenings that take on that particular day. It is used for indicating the lows and highs of the goods and assets in the ‘stock exchange market’. Price chart is being used for indicating the time gaps between buying, selling and trading, especially among the day traders and also the short term traders. Tips in Nifty Intraday are sure to assist the individual in selling and buying profitably.

Availing free Nifty intraday tips

Before taking in the plunge into trading, it is very important for the new traders to know all about Nifty, its functioning and how to sell and buy. There are plenty of free tips available on the net that are posted by experts. Such interested individuals can also walk into any reputed company that deals in trading Nifty and get the qualified counselors to help them to get started with their investments in a safe and secure manner. There are plenty of tips that would be surely provided to these new traders, so that the steps that they take are cautious and are in the right direction.

• One common tip is the momentum plan and daily pivot. It is a popular strategy, which takes complete advantage of the highly volatile nifty index on a particular trading day. With this, the profits can easily be optimized with the risks minimized during trading. Traders tend to benefit from this particular strategy, especially, when a specific nifty stock is just released in the market.

 

• Another trading tip is ‘Scalping’, which can be used by the new traders for maximizing profits on any given stock. Here, they need to monitor the upsurge in price of the nifty index. When the trading price is the highest, they need to buy it off. This way, the individuals are sure to make some profits on their capital investment. It is also considered to be a less risky strategy for trading and does not require momentum and pivot to be used, like the other strategies which utilize.

• Another important intraday tip is ‘Fading’ strategy. It is quite risky and also challenging. Before trying this out, it is necessary for the trader to have some exposure, experience and a thorough knowledge of what Nifty intraday trading is all about. Only then the  best results can be availed and any type of loss avoided.

Author’s Bio

The Author is associated with a reputed online trading company, www.niftymaker.com, and has been assisting new clients by providing plenty of tips to get them started and to gain profits in their trading venture.