IS NIFTY READY TO MOVE UP OR REMAIN RANGE BOUND SEE ANALYSIS !!

COMPARING MY LAST STATEMENT WITH TODAY"S ACTUAL MOVE.

1. IN SECOND POINT OF YESTERDAY POST I CLEARLY MENTIONED THAT ENTRY OF BULLS IS SEEN ON WEDNESDAY CANDLE. IF THEY ARE STRONG THEN THEY WILL TAKE PRICE OUT OF WHITE DOTTED LINE AND IF IT DO NOT COME BACK IN 30 MIN THEN TREND WILL CHANGE TO LONG. SEE MARKET OPEN WITH GOOD GAP BUT BULLS WERE NOT STRONG EVEN TO HOLD PRICE FOR 5 MIN ABOVE WHITE DOTTED LINE. SEE THE PRECISION OF DOTTED WHITE LINE I GAVE YOU LAST WEEK IT HAS NOT BEEN TAKEN OUT YET.
2. ON OTHERSIDE THE WHITE AND RED ZONE HAS NOT BEEN TAKEN OUT DOWN TILL YET. MARKET IS RANGE BOUND AND EXPECTED TO REMAIN FEW MORE DAYS.
3. TWO ARROWS ONE GREEN AND SECOND RED IN FIG .IF THE HIGH OF TODAY CANDLE IS TAKEN OUT THEN LONG CAN BE INITIATED. ON OTHERSIDE RED DOWN ARROW MEANS RED AND WHITE ZONE LOWER END IS TAKEN OUT THEN SHORTS CAN BE INITIATED.
4. BETWEEN GREEN AND RED SUPPORT IS NO TRADING ZONE .PRICE CAN MOVE ANY SIDE ANY TIME TRAPPING BOTH SIDES IN NO TRADING ZONE. SO I YOU TRADE ZONE THEN BE CAREFUL TO BOOK PR AS SOON AS POSSIBLE.
5. TODAY CANDLE IS CLOSED BEARISH BUT DID NOT EVEN BREACH THE GREEN AND WHITE DOTTED NEW ZONE . SO CHANCES ARE GOOD TO TEST TODAYS HIGH . REST MARKET WILL DECIDE.
YOGESH VATS.