3 November 2017 (8:52 AM IST)
India markets traded in a small range yesterday and today also, major indexes are expected to trade within last two sessions’ range.
The bigger trend has turned up in all major indexes after a breakout earlier this week. Bank Nifty needs to confirm that breakout, because this index had been range bound for a longer duration.
Nifty, though, has been trending up and its uptrend seems to be intact at this time.
For intra day trading, Nifty has pivot at 10,429. Above this level, resistance is expected near 10,447-10,470-10,487 marks and support could come near 10,406-10,389-10,366.
Watch these levels and trade with the short term trend.
Good luck, enjoy the session!