Good Morning Friends,
Above daily chart has generated inside day pattern and it is reflecting that both bulls as well as bears are unable to take market direction. This gives me a sense that market will not break this pattern easily. So, as of now traders should opt a strategy to trade in a range. Breakout can occur either way. If breakout come then we can trade for direction and that next move can be impressive. Normally it comes with trend.
Range High side 15850-15900
Range Lower side 15650 - 15600
Above is extreme end, majority of trading may remains here and there at 15750-15800 levels. That can be very tight. One need to focus on stock specific trading strategy.
Happy trading,
Praveen Kumar
