31 August 2017 (8:25 AM IST)
Major Indian indexes have been extremely range bound in couple of weeks due to technical and global factors.
This range bound pattern is expected to continue today and markets may remain choppy if global cues change through the session.
In such strictly range bound sessions, traders should keep a watchful eye on support and resistance levels and strictly follow the trend withing those levels.
For Nifty, intra day pivot will be at 9,881 and support will come below this mark, near levels of 9,853- 9,822- 9,795. If Nifty trades positive and above its pivot mark, then resistance could be expected near 9,912- 9,940 or 9970 levels.
Watch these levels and trade with the short term trend.
Good luck, enjoy the session!