Nifty Rangebound -
current range - 11200 - 10900
Below 10900 - 10600
Sell on rise with stoploss 11200.
Selling range above 11100
book partial profits - near 10900 and
below 10900 book near 10700
Nifty seems to be stuck around 12000 levels, which shows a resistance for the trend line starting from 2010.
The supporting trend line shows arount 15-18% lower from the current level, but has multiple supports between this area.
I personally feel the market can correct or consolidate in 5-8% for period of time.