India Markets Today: Choppy, Rangebound After High Open

15 December 2017 (9:47 AM IST)

India markets have opened with a bi gap up on exit polls, given the ruling party BJP clear majority in Gujarat and Himachal Pradesh state assembly polls.

It is uncertain if these gains will stay till closing levels because the real election results will come on Monday and global cues are quite subdued at this time. Some profit booking may come in the second half and intraday trader should remain alert for ay such possibility.

Nifty’s intraday pivot levels are:

Nifty Pivot- 10,223

Support Levels 1- 10,170-10,088-10,035

Resistance Levels- 10,304-10,357-10,439

Watch the higher levels for any profit booking signals, which may trier a trend reversal. Today’s opening levels will act as immediate support and below that level, markets may become range bound.

Good luck, enjoy the session!

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