Yet another direction less and Tight range bound day in nifty Futures. Nifty Open Gap up of around 50 points following the global market cues and then it was not able to find any direction. The Stocks were also rangebound and all together it was a boring session for the Nifty intraday Players. There was no intraday opportunity and the Range for the day in second half was very narrow. Over all nifty was testing the patience Level of the Traders and anyone who decided to stay away in such a choppy market will be happy by the end of the day. Its almost 5 or 6th trading day in nifty when the index was direction less , range bound and nothing much to do. The only thing which seems to happen in nifty is a big movement on either side. That is the reason for such range bound sessions. The big players want to kill the visibility of the market before they take it to either side. One should understand the strategy of the big players before they decide to go long and shorts in such market.
