14 March 2019 (9:01 am IST)
This whole week, Indian stock markets have been having a very strong rally where major indexes did not even pause for a breather.
This rally had come after a breakout from a strict range that has been going on for months. Today, Nifty and Bank Nifty will have their weekly Options expiration and that is the only factor that can trigger choppiness in these markets.
Otherwise, Indian stock markets are currently in a positional long trend where taking positions will bring good profits for traders. But, these positions should be taken only on dips.
For intraday range, check pivot levels provided 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
Indian stock markets are in a strong uptrend now. The intraday trend may see some choppiness. Otherwise, these markets are now good for positional trading and buying near support levels.