14 January 2019 (9:08 am IST)
Indian stock markets are expected to trade with high volatility on various local and global cues.
Global trend is down, dollar is trading higher against rupee and Inflation reports will come later today- all these factors can keep these markets choppy and range bound in early trading.
Related Post: US Stock Markets Next Week: Rangebound, Or DownTrend?
Nifty is holding on to its current support level of 10,800 but Bank Nifty is under more pressure following the USD/INR trading pattern.
For such markets conditions, it will be helpful to know intraday support and resistance levels. For day traders, we have given these levels on our Pivot Trading page. For major indexes, these levels are:
- Intraday Bank Nifty Pivot levels
- Intraday Nifty Pivot levels
- Intraday Nifty IT Pivot levels
- Intraday Sensex Pivot levels
The intraday trend in Indian stock markets may remain mixed and choppy in the first half. Global trend may dominate these markets in the second half.