Nifty tried to break 11350 multiple times and failed to break. Taking support on 10-Aug high. So expecting similar narrow trading till US announces stimulus and we see some 100-150 rally on the day of Stimulus.
Reconstructing 31-Jul Nifty Based on the chart first 15min Candle - Strong Selling/Buying Huge Wick - Indicates active participation by both seller and buyers Didn't break previous day low in first 15mins Day turned to range bound Some buying last 15-30mins Indicates some interest in Bulls