02 January 2020, (8:37 am IST)
Yesterday, Indian stock markets mostly stayed sideways in spite of a mixed closing.
Today, these markets are expected to trade within this week’s trading range with high volatility as we have seen until now. Nifty had found strong support near 12,170 in the previous session. We’ll have to wait and see if this support survives in today’s session.
Use intraday range levels given 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
As we wrote previously, Indian stock markets are trading in a broad range. That range is still intact and major indexes keep showing minor up and down or sideways trend within that range. For Nifty, the major support of this range is 12,150 which is still in place. So, for the time being, we can consider this index in a range- bound trend.