Nifty is moving in a rangebound triangle. There would be a good move on any of the sides once it breaks the triangle/trendline on the upside or downside.
If it breaks on the upside we can expect a rally and if it breaks on the downside we can expect a breakdown. Until then we can expect consolidation within range.
If it breaks on the upside we can expect a rally and if it breaks on the downside we can expect a breakdown. Until then we can expect consolidation within range.