Bank nifty today 19 JUN


A large trading range inside 26000 – 27000 in Bank Nifty is still intact. Inside this range prices are trading very choppy and narrow from last ten trading days.

This range is also narrowing as prices have locked inside a range of just 483 points in last eight trading days.

This narrow trading suggests a big and sharp move should come.

A close above 26800 is a buying opportunity whereas a close below 26250 is a shorting opportunity.

Last 2 weeks Nifty is following Dow Jones like the dog from Hutch commercials

There is no trend in the market right now, upwards or downwards

Can you explain why is this so? Since Fed rate hike is already done, what else is the market waiting for before showing next trend?