Here is a view of the NIFTY
weekly charts, this shows how restricted the range has become for NIFTY
over the past few weeks. There are two ideal retracement zones to look out for 10890 on the upside and 10570 on the downside. Until these ranges are cleared its best to trade for a pullback to the value areas which is in the 10740-10780 band ( in the futures
there can be two potential triggers to this:
1. Any earnings
surprise, most seems to be factored in these days
to breakout of the 68.5-68.7 zones to test 70 levels.