10 April 2019 (8:59 am IST)
Indian stock markets are set to continue their narrow and range bound weekly trend.
Nifty is trading between support of 11,5570 and resistance of 11,700. Till any of these levels are broken, this index and broader Indian stock markets will continue to trade in choppy and sideways trend.
To know the broad trading range of major indexes, day traders can use daily pivot points given on our Pivot Trading page. These support and resistance levels are:
- Intraday Bank Nifty Pivot levels
- Intraday Nifty Pivot levels
- Intraday Nifty IT Pivot levels
- Intraday Sensex Pivot levels
Expect Indian stock markets to trade between their previous support and resistance levels. The trading pattern will be choppy and trends will last for short durations. Higher levels could see selling pressure and lower levels will attract buying.
Day trading will be safer if traders wait and watch how markets turn near these levels, then follow the short term trend for trading.