27 October 2017 (8:49 AM IST)
Even after PSU banks’ bailout plan by the Indian government, the banking index Bank Nifty is remaining sideways while the NSE main index Nifty stays in an uptrend.
That hints at a mixed trend in India markets where different indexes may show different trend until Bank Nifty also joins Nifty in an uptrend.
For intra day trading, Nifty’s pivot is at 10323. Its resistance levels are 10375-10407-10459 and support is expected near 10291-10239-10208.
Watch these levels, let markets establish a trading pattern in the initial trading hour, then trade accordingly. Markets may remain highly volatile like previous session.
Good luck, enjoy the session!