Stock Market Today: Top 10 things to know before the market opens today
The market is expected to open in the green as trends in the SGX Nifty indicate a gap-up opening for the broader index in India on Monday with a gain of 181 points.
The BSE Sensex rallied 345 points to 53,761, while the Nifty50 rose 110.5 points to 16,049 and formed bullish candle, which resembles Hammer kind of pattern formation on the daily charts. For the week, there was High Wave kind of pattern formation on the weekly scale, which indicates indecisiveness among bulls & bears, and the index lost 1 percent.
As per the pivot charts, the key support level for the Nifty is placed at 15,962, followed by 15,875. If the index moves up, the key resistance levels to watch out for are 16,102 and 16,154.
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