For the past two sessions, NIFTY is shrinking and is beginning to move in a tight range. This doesnt give a chance to both bulls and bears and both are still hoping that there will be another breakout in their favour soon.
How soon will that happen?
This is quite difficult to answer and till the time any of the levels of 4500 or 4200 is breached, forming a view going forward also becomes difficult.
Yesterday 4300 was established as a good support the whole of morning session and suddenly in the afternoon 4300 became a strong resistance. So there might still be some action left here and there around 4300 levels before NIFTY takes one direction.
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