Nifty Rangebound movement, Range breakout Expected!

As you can see Nifty is moving in a range.
In previous idea I showed how to trade range ( Link attached )

If you look at line chart of nifty from all time high nifty use to make lower low on line chart.
Since later march nifty has not made a new low on line chart, Thus moving in range.
In fact Nifty made a high Low as marked on chart. This makes my view sightly bullish on Nifty.
Nifty is also trading above short term moving averages now. I have show 20 MA with line.
You can confirm with other short term moving averages also.

14700-14500 will be support levels now, As long as it sustains above these levels view remains positive
Below 14320-14250 view will be negative.

In broader markets Mid cap & Small Cap indices are either giving breakout or trading near to all time high.
This Show bullish bias overall.

Check