Short term volatility gives the impression of lot of movement, when the truth is that the movement is taking place almost at the same place.
This is working out with the Indian markets, with lot of short term volatility giving a sense of big moves.
Such volatile moves are normal when prices are moving inside a trading range. The Nifty is locked inside a wide range between 10000 and 11000.
A move out of this range could give a new and fresh move, but that possibility seems to be remote in the next few weeks.