13 April 2018 (8:42 AM IST)
Indian stock markets could see a mixed trend today in their different major indexes. Nifty has shown more inclination to go higher but Bank Nifty has been hesitating near its current resistance levels.
Global cues are also mixed. Nifty had closed just above its short term Moving Averages yesterday, indicating a positive trend but Bank Nifty stayed just below its imprint MA, showing some hesitation in joining Nifty in a new uptrend.
Nifty still faces range resistance near 10,480- 10,500. If Nifty crosses over this zone, then the index will be back in its uptrend.
Today’s intraday pivot for Nifty will be at 10,441. Resistance levels will be near 10,487-10,515- 10,561 and support comes near 10,412- 10,366-10,337. Its previous range was between high and low of 10,469 and 10,395 mark, These marks will create its immediate trading range.
Watch these levels and trade with the short term trend. Pivot levels of other Indian stock indexes are given on our Pivot Trading page. Or you can find those here also:
Expect a range bound and choppy intraday trend in Indian stock markets today.