03 January 2020, (8:45 am IST)
Today, Indian stock markets were expected to open higher as SGX Nifty had rallied overnight with US stocks.
But the new military tensions between the US and Iran have changed the equation. Surging oil prices are not good for the Indian economy, which was already under pressure.
As we had written yesterday, the main indexes of these markets are trading in a broad range and it seems that the same range will continue to restrict Nifty in this session too.
We have provided intraday range levels for major indexes 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 expected to follow the global trend. However, day traders should be ready for a different local trend in these markets and strictly trade with the trend.