11 September 2017 (8:18 AM IST)
SGX Nifty is indicating a gap up opening for India markets today.
Nifty and Bank Nifty had been strictly range bound in recent many sessions and that trading pattern may continue this week also.In such conditions, these indexes will have two possible intra day trend patterns; either a high open and lower closing; or a high open and then continuous higher trend.
For nifty, intra day pivot is at 9937 and resistance will come above this mark, near 9961-9987-10001 levels. Support is expected near lower levels of 9910- 9886-9860.
Watch how Nifty trades near these levels after the opening bell, then follow the short term trend.
Good luck, enjoy the session!