Here's Why Nifty and BSE Sensex Will Remain Volatile Today!

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Here's Why Nifty and BSE Sensex Will Remain Volatile Today!
Credit: © Reuters.

By Aditya Raghunath

Investing.com -- Indian markets are expected to be volatile today as experts watch crucial resistance levels. Nifty is currently trading at 14,919 and key support levels are at 14,800 on the lower side and 14,998 on the upper side. If Nifty breaks these levels expect prolonged pain or upward movement respectively.

Nifty Futures are trading flat as of this report and have recovered after falling 0.12%. If it continues to recover and ends up in the green, expect a positive opening for Indian markets.

MTAR Tech is going to launch its IPO today. Expect the retail portion of the IPO to be massively oversubscribed. As Investing.com reported yesterday, the GMP (grey market premium) for the IPO is at 75%.

Asian markets are trading volatile today. Nikkei 225 opened up, fell in the red and has now gained momentum, gaining 0.18% in a period of little over two hours. KOSPI 50 is also on a rollercoaster ride and is currently trading flat after opening lower. The Shanghai Composite is up 1.1% after opening in the green.

US stocks ended lower yesterday with tech shares getting affected. NASDAQ Composite was down 1.7%. However, all major US futures are trading up at the time of this report. 

Crude oil continues to see-saw around the $60 mark. After moving up yesterday, it is now trading at $59.92.

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  • Vishrut Upadhyay @Vishrut Upadhyay
    its not volatile at all....think before writing
    Like 1
  • Viji Suresh @Viji Suresh
    14750-15180 will be trading range for the next 3 days
    Like 4
    • Ginni Ramesh Reddy @Ginni Ramesh Reddy
      aaj nifty down hoga
      Like 0
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