Indian Stock Markets Today: Rangebound, Choppy Trend

13 August 2019 (8:59 am IST)

Indian Stock Markets Today: Rangebound, Choppy Trend

Indian stock markets have recently reversed their downtrend and are now rangebound between important support and resistance levels.

For Nifty, this resistance is 9-Day Moving Average on monthly charts and support is 20-Day MA on the same charts.

The immediate trading range for these markets will be between the last session’s high and low levels. A broader range can be identified with the help of pivot levels, given on our Pivot Trading page. These levels are:

Indian stock markets are expected to trade sideways on negative global cues and some stimulus hopes in local markets. Day traders should watch both support and resistance levels and trade cautiously within those levels. Markets can be volatile as the previous session.

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