Nifty 50 is trading in an upward channel. Look out when the upper and lower bands are touched. Those are regions from which big moves will come.
For Example: If it is near the upper band, either it will breakout or will be sold off to get near the lower band. Opposite for the lower band.
Nifty 50 is in a No Trade Zone. Mark down the key levels of support and resistance shown on the chart. Hourly close on either side will initiate another leg of rally.
Professional Traders can trade the range too i.e. Buy near Support and Sell near Resistance.
