India Markets Today: Volatile, Range Bound Trading Pattern

24 October 2017 (8:41 AM IST)

SGX Nifty is down by nearly -11 points in early trading, indicating a flat or negative opening for India markets today.

Nifty has been showing strength and getting support from its previous high levels. But comparatively, Bank Nifty is weak and trading near its very strong range support of 24,000. The indexes has previous survive this support and could turn highly volatile at current levels as big banks deliver their quarterly result.

For intra day trading in Nifty, pivot mark will be at 10177. Above this mark, resistance will be near levels of 10231-10277-10330 and support could come near lower levels of 10131-10078-10031.

Watch these levels and trade with the intra day trend which is expected to remain range bound and volatile.

Good luck, enjoy the session!

This entry was posted in Indian Stock Market and tagged , , , , , , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

nineteen + two =