Indian Stock Markets Today: Ready for The Budget Rally

10 January 2020 (8:58 am IST)

Indian stock markets are expected to open positive and most probably, continue with their previous rally. If the global geopolitical situation was not in a crisis right now, these markets would have embarked on their annual pre-budget rally by now.

The pre-open numbers are showing a positive opening in the Indian stocks. Major indexes like Nifty have made a very positive, big “Hammer” candlestick on their weekly charts so the technical signals are very positive for these markets, only the change in global cue can interfere in the Indian stock’s uptrend.

Day traders should trade carefully in this last session of the week. The daily pivot levels are given on our  Pivot Trading page. These levels are: 

Indian stock markets are set for a higher opening today. But the trading pattern could turn volatile if global cues change. Nifty is expected to open near its all-time high levels and such an opening will either trigger an uptrend or make the index highly volatile and rangebound

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