14 January 2020, (9:08 am IST)
SGX Nifty is showing flat numbers but actually, this futures index of Nifty had opened high and from there, it has been declining in an almost straight line.
Yesterday, Nifty had also traded in a small range, hinting at resistance at day’s high levels.
After a rally, such indications signal a possible trend reversal. So, day traders should keep in mind this possibility for Indian stock markets.
Intraday range levels are given on our Pivot Trading page . These levels are:
- Intraday Bank Nifty Pivot levels
- Intraday Nifty Pivot levels
- Intraday Nifty IT Pivot levels
- Intraday Sensex Pivot levels
Indian stock markets are giving signals of a trend reversal from current levels. Global cues are also turning negative. We may see a negative session in Indian stock markets today.