Nifty in range

In our earlier post we emphasized on Nifty trading in range for  a few trading sessions. This is what happening these days. Nifty is trading in  a tight range of 30-50 point. Markets do  not trade in  a range for  longer time. Sooner or later it will break up/ down in any one direction. Which direction ? We do not know.


Most of the action is in individual stocks and  PSU Banks stocks are outperforming.

Central bank of India has support at  140 and resistances are at 160-165.

Bank Of Maharastra has support at 60 and resistance at 75.