4 January 2018 (8:23 AM IST)
Intraday trading trend in Nifty and broader Indian stock markets today is expected to remain range bound.
SGX Nifty is trading today with nearly 20 points gains, indicating a positive opening in Indian stock markets, but these markets have been trading with a “high opening, low closing” trading pattern inlets three sessions, and that pattern may continue.
Also, that trading pattern has been restricted within an almost similar trading range, so today also, Nifty and other indexes and Indian stocks are expected to trade within their major support and resistance levels. Check those pivot levels for Nifty, Bank Nifty, Sensex and Nifty IT here.
For intraday trading in Nifty, pivot mark will be at 10,458. Resistance levels will be above this mark, near 10,488-10,532-10,562 and support is expected near 10,413 -10,384-10,339 marks.
Watch these levels and trade with the intra day trend.
Read our trend analysis of Indian stock markets from yesterday.