Indian indices are trading within range for last 4-5 days with narrow range and inside day formation at the middle ground of bulls and bears.
The index has given many whipsaws in trading which is key feature of range trading.
The 120 min bollinger band has been a good indicator to trade during this range period.. Will update about that later on in detail.
The daily colors are still neutral as of now but can come sell on break of range of 5400 and 10700 for Nifty and Bank Nifty.
Best would be stay light and learn something new.
The index has given many whipsaws in trading which is key feature of range trading.
The 120 min bollinger band has been a good indicator to trade during this range period.. Will update about that later on in detail.
The daily colors are still neutral as of now but can come sell on break of range of 5400 and 10700 for Nifty and Bank Nifty.
Best would be stay light and learn something new.
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