nifty bank trading in a short narrow range. and around all psu banks support upside breakout. Execpt Kotak Mahindra bank. and if you guys check on 5 min timeframe you can see range. is formed.
Darves box is formed at the low of the previous day. either if the Darves box gets broken either side we can see the target. of 19565. down side and the side 19660-19700. and also before doing anything look at the component of nifty 50 like reliance industries, HDFC bank, icici bank etc.
by using that indicator i can identify where the market could possible take resistance or support based on that data i intiate my trades. if you like it use that tool. or if you don't able to find that indicator. just just plot previous day high,low,close and open. that's it.
