Nifty had given a gapup opening above an important resistance zone and has been consolidating.
This likely is a contraction zone which will take some time to develop.
I personally prefer to go long on the break of the upper portion of the contraction zone as and when it happens now.
Trade may be taken on shorter timeframes.
Bank Nifty has moved sideways after the last trading days bear move and has formed a zone of uncertainty. The logical move now seems down.
The trade setup provides an excellent risk reward opportunity.
All the best!