24 March 2020 (8:47 am IST)
SGX Nifty is 400 points up at the time of writing, indicating a similar high opening for Nifty and broader Indian stock markets. After that, the trend in these markets will depend on how global stocks, especially US stock futures trade.
Yesterday, these markets had fallen with big numbers. Today’s high opening will keep major indexes within their previous range.
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 open with a gap up, but the intraday trend could remain volatile if global cues change later in the session. Day traders should trade cautiously and follow the trend, whether it goes up or down.