4 April 2019 (8:57 am IST)
Indian stock markets are expected to remain highly volatile before the Reserve Bank of India( RBI declare)s its short term monetary policy later in the day.
Yesterday, Indian stock market tumble down quickly in the second half on reports of a delyaed monsoon this year. Major indexes closeed with considerable losses, considering these were quite high earlier in the day.
Today also happens to be the weekly Options expiry session for Nifty and Bank Nifty.
All these factors will keep Indian stock market highly volatile. For small traders, it will be better to sit and watch markets instead of trying to chase a choppy trend.
SGX Nifty is trading flat and Indian stocks are showing mild gains in the pre-open session. Indian markets are expecting some kind of rate cut from the RBI. So, the final trend will depend on how the markets see the RBI policy.
We have provided intraday pivot levels on our Pivot Trading page, which will give an idea of broader range in major indexes. These levels are:
- Intraday Bank Nifty Pivot levels
- Intraday Nifty Pivot levels
- Intraday Nifty IT Pivot levels
- Intraday Sensex Pivot levels
Expect a very volatile and choppy trend in Indian stock markets today. The immediate trading range will remain within this week’s high and low levels. Overall trned will be determined by how market react to the RBI policy.