17 July 2018 (8:55 AM IST)
Indian stock markets had a considerable fall yesterday. Nifty easily dropped below 11,000 and closed much lower than this support.
Bank Nifty also closed below its major support of 26,800.
SGX Nifty is trading flat at this time and has been finding support near day’s lower levels.
Indian stock markets could also see an initial support and after that, the intraday trend will depend on how Nifty trades.
Since yesterday’s trading range was quite wide, today’s intraday pivot levels will also have a wide range. Pivot marks will be much higher than usual and can act as a resistance level today. If any index succeeds in crossing above its intraday pivot mark, that will be impressive and a positive signal. Day traders can find these pivot levels on our Pivot Trading page.
Nifty’s intraday pivot is at 10,960. It has support near 10,902- 10,867-10,808 and resistance near 10,995-11,054- 11,088 mark. Nifty’s previous trading 11,019 and 10,926 and this will also form its immediate trading range today.
Pivot levels of major stock indexes are:
- Intraday Bank Nifty Pivot levels
- Intraday Nifty Pivot levels
- Intraday Nifty IT Pivot levels
- Intraday Sensex Pivot levels
Day traders can use these levels to see where markets find intraday support or resistance and plan their trading strategy accordingly.