4 October 2019 (8:59 am IST)
The pre-open numbers in Indian stock markets are indicating a big gap up opening. Yesterday, Indian stock markets, especially Nifty had indicated this support through the session where this index kept bouncing back from lower levels.
The trend reversal in US stock markets has supported Indian stock markets today and now markets will be eagerly awaiting the RBI’s rate announcement later today.
For day trading, use technical levels given 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
Indian stock markets are expected to open high and trade with choppiness as markets wait for the RBI policy. A rate cut will make markets happy. But still, day traders should stay alert about any high volatility in markets.