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Nifty Analyis - Trading in a narrow range

Hello Everyone,
Nifty is trading in a range & observe nifty to break either side on the green lines marked for further taking any trade decision. Upper end 16401 & lower end at 15990.
if Nifty breaks either sides we can expect a sharp move which can fetch us 90-100 points during intraday itself.
Bank Nifty Analysis also updated for the day and moving in a range.
Options Data for Nifty is positive and single largest put side OI seen highest at 16300.
For Educational Purpose Only.
Nota
As per updated Nifty consolidated with close in positive bias and today made a fresh high of 16375.

Penafian