Indian Stock Markets Today: High Opening, Rangebound Trend

11 July 2019 (9:06 am IST)

Indian stock markets have started with a higher opening in this session after falling down with big numbers in previous few sessions.

As we wrote previously, these markets have become range-bound near their support levels and now we have to watch if this support becomes a trend reversal or these markets are just taking a breather in their current downtrend.

For example, Nifty has become range-bound within a resistance at 11,600 and support level at 11,466. Day traders should continue to trade within important support and resistance levels of major indexes because now they are following a range-bound trend.

These levels are provided on our Pivot Trading page and are:

Expect Indian stock markets to trade within the range of last two-three sessions. Markets will remain highly volatile as usually happens with the range-bound trend.

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