By considering the above discussed points, initiating new positions might be tricky. Hence it would be prudent to make only short term entries (reducing our time inside market) until we get a clear direction on either side. One cannot rule out the possibility of price hovering between the range 3360 & 3600 for a while.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or investment ideas. Trading in Stocks, and Options carry risk and is not suitable for every investor. Hence it is important to do your own analysis before making any investment or trading decisions based on you personal circumstances and it is always better to take advice from professionals.)