Which is the best indicator for intraday Bank nifty?

We list down some of the best indicators for bank nifty intraday trading that will surely amplify your profits.

• Bollinger Bands.
• Relative Strength Index.
• Moving Average Convergence Divergence (MACD)
• Advance Decline Line.
• Moving Averages.
• Average Directional Index.
• Supertrend.
• Stochastic Oscillator.

How is intraday Bank nifty calculated?

The Bank Nifty Index is computed using free-float adjusting market capitalization with base date of Jan 1, 2000 indexed to base value of 1000. The Index level directly reflects the value of all the stock of that Index.

How do you analyze the market for intraday?

How to Select Intraday Trading Stocks

1. Trade in Liquid stocks as they improve the probability of quick trade execution.
2. Filter stocks based on percentage, rupee value movements.
3. Look for stocks that group market trends, indicators closely.
4. Classify stocks as strong, weak as per correlation with market.

How do you identify Bank Nifty trends?

Using Simple Moving Average as Nifty Trend Finder The simplest way to identify the direction of Nifty is to use a simple moving average. We provide an end of day chart below. On the chart, there is a red line, which is 5-day simple moving average. If the close of Nifty is above the 5-day SMA the short term trend is UP.

How can we predict Bank Nifty?

Technical factors: Derivative Indicator

1. High Call and Put option OI (Open Interest) of the index: Positional and short term.
2. High Call and Put option OI of HDFC Bank, ICICI Bank, KOTAK Bank, SBI and Axis Bank.
3. Index Future OI and Price movement on weekly and monthly data: Long Buildup, Short Buildup, and Short Covering.

How do I check my bank Nifty volume?

Bank Nifty volume PCR is calculated by dividing the trading volume of all the put option contracts on a given day by the trading volume of all the call option contracts..