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22 November 2019 ( 9:06 am IST)

Indian stock markets had closed near the day’s low yesterday, which is a negative signal. Major indexes are still trading within their important support and resistance levels, so that range bound trading pattern will continue which we have been witnessing in these markets since the last three weeks.

The intraday range level  are available 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 expected to trade with typical volatility and remain within their last 3 weeks’ major range levels.  Day trader should watch these long term support and resistance levels, and trade with the short term trend as indicated by the technical signals.

21 November 2019 ( 8:58 am IST)

As we wrote previously, Indian stock markets are trading within their last 3 weeks’ range. This range bound trading pattern has been very volatile since major indexes are roaming between their important support and resistance levels.

The support levels have been very strong in this range bound trading pattern. Nifty has been in a minor uptrend and has been making “higher lows”  on technical charts. It is now trading at 12,000 which is acting as both resistance and support, making the index highly volatile.

Markets tend to become very volatile in range bound trading pattern, and day traders have to be  alert and ready to book profits near minor support and resistance levels. That is how your trading strategy should be in Nifty, as long as this index is range bound.

We have given intraday range level  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

Expect Indian stock markets to trade with high volatility, with a range bound trading pattern. For day trading, the best trading strategy will be to follow technical signals and trade near minor support and resistance levels for small profits.  Big profits will come when markets will trend in any one direction.

20 November 2019 ( (9:25 am IST)

Yesterday, Nifty had bounced back from its day’s low levels, and rallied to close at the day’s high level.  That was a very positive signal and following that signal, today Nifty opened at 12,000, but couldn’t sustain that level. This indicates a range bound trend in the index. Nifty has been trading in a broad range with minor up and down trend, within the same support and resistance levels.

Day traders should keep in mind these levels and trade with the minor trend. We have provided Delhi range levels  on our Pivot trading page  that can help in intraday trading.. These levels are: 

• Intraday Bank Nifty Pivot levels
• Intraday Nifty Pivot levels
• Intraday Nifty IT Pivot levels
• Intraday Sensex Pivot levels

Expect  Indian stock markets to trade with high volatility and remain range bound even after a higher opening. This range has been going on for the last 3 weeks. On weekly charts, Nifty is looking very strong, and seems poised for a  breakout. Day traders must follow how market trade instead of trying to find any logic in these markets. Indian stock markets are highly manipulated and if these markets are trying to go higher, that means the inside news is good, even though the economic conditions are very bad.

19 November 2019 ( (8:55 am IST)

Indian stock markets traded in a narrow range yesterday, and stayed within their previous trading range. SGX Nifty had fallen in its overnight station, but this Nifty futures index has recovered those losses and at the time of writing, is trading with minor losses.

This type of narrow range usually ants with a big trend weather in up or down direction.  Day traders will have to wait till market movers decide to break this range and make markets trend in any one direction.

Intraday Range Rover levels are given on our  Pivot trading page. These can be used for day trading. 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 showing strong support and strong resistance,  which is keeping this markets in a range. These market conditions are not good for option buyers, but option sellers make good profits in such trading conditions.  For day trading, it will be prudent to watch both support and resistance levels and trade with the short-term trend in whichever direction it goes.

18 November 2019 ( (8:39 am IST)

Indian stock markets had traded range bound in the last week. In the last session on Friday, Nifty had fallen steeply in the closing hour; indicating that resistance levels are still strong in this index.

SGX Nifty is trading flat in this session, waiting for Nifty to open and decide for a trend. On 5-hour charts,  Nifty has created a higher range between the previous session’s high and low levels. This was a hundred points range, between 11,970 and 11,870. Today, the index could trade between the same range, or trade down towards 11,800.

We have provided intraday range levels 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 expected to trade with high volatility, in a range bound trend. In the last session, the minor trend line was broken when Nifty surged higher. Today, day traders should wait and watch what will be the trading range of this index. The overall trend has now become sideways,  and Nifty and broader stock markets are expected to trade within a broad range with minor up and down trends.