Indian Stock Markets Today: Range bound, Choppy Trend Continues

18 May 2020 (8:40 am IST)

SGX Nifty is slightly lower today, indicating a flat open for Indian stock markets after the countrywide lock down is extended till the month end; and the governments stimulus turns out to be full of old loan-schemes; Indian stock markets continue to trade in a narrow range and remain highly volatile.

For range bound markets, check the intraday pivot levels provided on our  Pivot Trading page. These levels are: 

Indian stock markets are expect to open with slightly negative numbers or near the previous close. In such conditions, day trader should wait for markets to create a clear intraday trend then trade in the same direction.

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