5 September 2017 (8:44 AM IST)
Major Indian indexes are trading on mostly technical cues and have been strictly range bound for many sessions now.
Nifty and Bank Nifty are expected to trade within their last two week’s trading range.
For intra day trading, Nifty pivot is at 9920 and support levels come below this mark, near 9853- 9793- 9725. Resistance levels are 9980- 10048- 10107.
Watch how Nifty trades at hourly levels and follow the trend. If it courses above its hourly Moving Averages of 50- 100 days, then it will reenter a positive zone. Otherwise, negative influence could be stronger.
Good luck, enjoy the session!