India Markets Today: Low Open, Range Bound Session

29 August 2017 (9:16 AM IST)

Indian markets have opened with low numbers on negative global cues.

Nifty and Bank Nifty are still within their technical range between 20-50 day Moving Averages. Range bound markets can become highly volatile so traders should keep an eye on support and resistance levels and how major indexes trade within those boundaries, then follow the trend.

For Nifty, intra day pivot is at 9906 and support levels are near 9887- 9863- 9844. Upper resistance levels are near 9931- 9950- 9975. the index is expected to trade within these layers of technical levels.

Watch these levels and follow the intra day trend.

Good luck, enjoy the session!

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