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