9 January 2019 (8:55 am IST)
Indian stock markets had changed their trend in the second half the previous session as global cues turned positive.
Today, these markets are set to enjoy a higher opening as other world markets are rallying in early session.
Nifty is expected to open above 10,850 and is now headed towards its important mark of 11,000 again, if global cues remain favorable. Bank Nifty is also showing a stronger uptrend and is expected to follow the global trend and Nifty’s cues.
If global cues remain positive then Indian stock markets will continue with their opening rally. But a change in global cues will increase choppiness in these markets.
Use intraday pivot levels given on our Pivot Trading page to see support and resistance levels in major indexes. These levels are:
- Intraday Bank Nifty Pivot levels
- Intraday Nifty Pivot levels
- Intraday Nifty IT Pivot levels
- Intraday Sensex Pivot levels
Usually markets cool down after a higher open. So, day traders should wait for that choppy period to get over, the trade with the short term trend.