22 May 2020 (7:53 am IST)
Indian stock markets had been trading in a small range for many sessions.
Yesterday, these markets had weekly Options expiry of Nifty and Bank Nifty, and Nifty traded with high volatility in a very small range. Like the toe-nail of an ant!
Hopefully, today this main index of Indian stock markets will trade in a bigger range. Right now, this index is restricted in a range of 9,200- 8,800.
We have provided intraday trading range levels on our Pivot Trading page. Day traders can use these levels for day trading. 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 open with weak numbers. After that, the trend will stay within the weekly range and trade with high volatility. The direction of the trend can change multiple time through the sessions since it will be sideways trend.