The Indian stock market is expected to open on a cautious note with eyes on US election results. Trends on SGX Nifty indicate a flat opening for the index in India with a 4 points loss.
The BSE Sensex jumped 724.02 points or 1.78 percent to close at 41,340.16 on November 5 while the Nifty50 surged 211.80 points or 1.78 percent to 12,120.30.
According to pivot charts, the key support levels for the Nifty is placed at 12,054.9, followed by 11,989.5. If the index moves up, the key resistance levels to watch out for are 12,158.4 and 12,196.5.
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