31 December 2019 (9:06 am IST)
Indian stock markets are in the middle of a technical trend. Usually, these markets have a pre-budget rally and that might keep these markets within the current range till the Union Budget.
If that happens, then day traders will get good chanced of trading on both up and down directions and major indexes will trade in a broad range.
For rangebound markets, we have given intraday range levels on our Pivot Trading page. For major indexes, 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 trade within the previous, broader range levels. Markets will remain highly volatile and trade according to the technical levels.