Nifty Daily Update Sept 6th 2017 and Daily Trend and Momentum Analysis

Market Sept 6th

The market closed lower by 36 points to close at 9916.20.  It opened lower on weak Asia Market cues and showed resilience as it was range bound and closed the day higher than the open. Bank Nifty too followed a similar pattern. Nifty is trading above key moving avearges other than EMA 5 while Bank Nifty is trading above key moving averages except EMA 5 and 10 and 20 Days charts.
Attached chart shows the hourly trading pattern for Nifty and Bank Nifty. The video gives a market round up with trend line analysis for Nifty.

The range for Nifty for Sep 7th is  9880 to 9983 with support at 9859 and resistance at 10000.
The range for Bank Nifty for Sep 7th is 24193 to 24456 support at 24130 and resistance at 24525






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This blog is for educational and awareness purpose only. The views are intended for discussion and exchange of views rather than an expert opinion. This is not an recommendation to buy or sell or invest in the stock market and derivatives market. Kindly exercise caution and perform your own due diligence before investing in the market, after fully and clearly understanding the risks involved.

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