20 December 2017 (9:15 AM IST)
India stock markets have been suffering from highly volatile intraday trading pattern this week and today also, that choppiness can continue to surpass daytraders.
Yesterday, nifty had shown much enthusiasm in going higher but Bank Nifty remained sideways and this banking index can put pressure on India stocks in days to come.
For intraday trading in Nifty, pivot point will be at 10,447. Fo day trading, this is an important point as the index trading above this point will have buying support and below this point, selling pressure can build. Resistance is expected near higher levels of 10554- 10,513 and 10,488. Support is expected near lower levels of 10,422- 10,380 and 10355.
Watch these Nifty trading levels for intraday trading as the index is expected to show bigger movement around these numbers, and trade accordingly.
Good luck, enjoy the session!
p.s. here are the best day trading tools for you, pivot levels of major India indexes;