12 September 2017 (7:37 AM IST)
SGX Nifty is indicating a higher open for India markets. But global cues are pausing at current levels and that may create a range bound major Indian indexes.
Nifty and Bank Nifty, like other global indexes, have been trading in a broad range and are currently traveling from support levels to resistance levels. Till those range resistance levels are reached, one can expect a slow but steady rise in these indexes.
For intra day trading in Nifty, pivot mark will be at 10001. Above this mark, resistance is expected near 10033-10061-10093 levels and support is expected near lower levels of 9973-9941-9913.
Watch these nifty levels and trade with the short term trend.
Good luck, enjoy the session!