How to Get Nifty Futures Chart in TradingView

TradingView is one of the most popular charting platforms used by traders around the world. It provides a comprehensive suite of tools for analyzing financial markets, including futures, stocks, forex, and cryptocurrencies. If you are interested in tracking the Nifty Futures, which are futures contracts based on the Nifty 50 Index (a benchmark index of the National Stock Exchange of India), TradingView is an excellent platform to use. This guide will walk you through the steps to get the Nifty Futures chart in TradingView, including how to set it up, customize it, and utilize various features to enhance your trading experience.

Getting Started with TradingView

1. Create a TradingView Account
To start using TradingView, you need to create an account. Follow these steps:

• Visit the TradingView website: TradingView.
• Click on the “Join for free” button if you are a new user or log in if you already have an account.
• Fill in the required details such as your email address and password, or sign up using social media accounts for quicker registration.
• Confirm your email address if required.

2. Accessing the Charting Interface
Once you have logged in, you can access the charting interface:

• On the TradingView homepage, click on the “Chart” button located on the top menu. This will take you to the main charting screen where you can start analyzing different financial instruments.

Finding Nifty Futures on TradingView

3. Search for Nifty Futures
To find the Nifty Futures chart, you need to search for the correct symbol:

• In the charting interface, locate the search bar at the top of the screen.
• Type in “Nifty Futures” or the specific symbol for the Nifty Futures contract you are interested in. For example, you might use “NIFTY” or “NIFTYFUT” depending on the exact ticker used by TradingView.
• TradingView will display a list of available instruments. Look for the futures contract that corresponds to the Nifty 50 Index.

4. Select the Appropriate Symbol
After finding the Nifty Futures symbol:

• Click on the symbol to load the chart.
• Ensure you are selecting the futures contract and not the index itself or other related instruments.

Customizing the Nifty Futures Chart

5. Adjusting Timeframes
TradingView allows you to view charts in various timeframes:

• On the chart screen, locate the timeframe options (e.g., 1 minute, 5 minutes, 1 hour, 1 day).
• Select the timeframe that suits your trading strategy. For longer-term analysis, you might choose daily or weekly charts, while intraday traders might prefer shorter timeframes.

6. Adding Technical Indicators
To enhance your analysis, you can add technical indicators:

• Click on the “Indicators” button located at the top of the chart screen.
• Browse or search for indicators such as Moving Averages, Relative Strength Index (RSI), or Bollinger Bands.
• Click on the desired indicator to add it to your chart. You can customize the indicator settings according to your preferences.

7. Drawing Tools
TradingView offers various drawing tools to help with technical analysis:

• Click on the “Drawings” button on the left side of the chart screen.
• Choose from tools like trend lines, horizontal lines, or Fibonacci retracement.
• Use these tools to mark key levels, trends, and patterns on your Nifty Futures chart.

Saving and Sharing Your Chart

8. Save Your Chart Layout
To save your chart settings and layout:

• Click on the “Save” button located at the top right of the chart screen.
• Provide a name for your chart layout and click “Save.” This will allow you to access your custom chart setup in the future.

9. Sharing Your Chart
You can also share your chart with others:

• Click on the “Share” button next to the save option.
• Choose the sharing method, such as generating a link or embedding the chart on a website or blog.

Utilizing Additional Features

10. Alerts and Notifications
TradingView allows you to set up alerts for price movements and technical indicators:

• Click on the “Alerts” button (bell icon) located on the right side of the chart screen.
• Define the criteria for your alert, such as price levels or indicator conditions.
• Set up notifications to be alerted via email or SMS.

11. Accessing Trading Tools
If you want to place trades directly from TradingView:

• Ensure your account is linked with a supported brokerage that offers trading integration.
• Use the trading panel on the chart screen to place buy or sell orders, view order history, and manage your positions.

Tips for Effective Nifty Futures Trading

12. Stay Informed
Keep up with news and events that can affect the Nifty 50 Index and its futures:

• Use TradingView’s news feed to stay updated on market developments.
• Follow economic indicators, company earnings reports, and geopolitical events.

13. Practice with a Demo Account
Before committing real funds, practice trading with a demo account:

• TradingView offers paper trading features that allow you to simulate trades and test strategies without risking real money.

14. Review and Adjust Your Strategy
Regularly review your trading strategy and performance:

• Analyze your trading history and outcomes to identify areas for improvement.
• Adjust your strategy based on your findings and market conditions.

Conclusion

TradingView is a powerful tool for analyzing Nifty Futures and other financial instruments. By following the steps outlined in this guide, you can efficiently set up, customize, and utilize the Nifty Futures chart to enhance your trading strategy. Remember to stay informed, practice regularly, and continually refine your approach for better trading outcomes.