NARROW RANGE

last week nifty range was the narrowest experienced in the past 6 months, where the intra day moves were just 40 points.

The most interesting part is nifty moved up or down by 50+ points exactly at 3.10 PM.  This is a new mind game adopted where the retailers have to exit the position with loss whether it is CE or PE. Shorts are taken to task in the last 15 minutes leaving them to square off the position with loss.  

Be very alert in using SL to avoid huge losses.