30 November 2017 (9:18 AM IST)
SGX fell with big numbers with U.S. stocks in its overnight session.
As a result, India markets have also opened with a gap down. Global cues are negative and India markets usually follow those cues. Technical cues are range bound for Nifty. For Bank nifty, support of 25, 600 is important and below that support, the index will breach its current range support.
Today also happens to be this month’s Futures & Options expiration session for India markets, so that may add to market volatility.
For intra day trading in Nifty, pivot mark will be at 10,366. Below this level, support is expected near 10,340-10,319-10,293 and resistance will come near 10387-10413-10434 levels.
Watch these levels and trade with the short trend which had started to decline in last couple of sessions for these markets.
Good luck, enjoy the session!