26 March 2020 (8:34 am IST)
Indian stock markets had a big rally yesterday on hopes of a fiscal stimulus from the government.
Today, SGX Nifty is hinting at a flat/ slightly negative opening for these markets but the global and local sentiments have improved so we can expect Indian stocks to build on the previous rally. If not, then the trend will become narrowly range bound.
Here are the intraday range levels for major indexes:
- Intraday Bank Nifty Pivot levels
- Intraday Nifty Pivot levels
- Intraday Nifty IT Pivot levels
- Intraday Sensex Pivot levels
Indian stock markets are expected to follow the global trend. Locally, these markets are finding support on hopes of a fiscal stimulus later this week. The best day trading strategy for Indian stock markets will be to wait and let markets create an intraday trend; then follow that trend with the trendline.