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:
- Intraday Bank Nifty Pivot levels
- Intraday Nifty Pivot levels
- Intraday Nifty IT Pivot levels
- Intraday Sensex Pivot levels
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.