Patience is the trader’s best friend.

Nifty remains in a narrow range. This range is getting narrower by the day. Markets that are in contraction tell us that soon enough, a big breakout / breakdown is coming. This happens because markets move in cycles of contraction and expansion. When we see narrow ranges, we can assume that this is contraction and the next phase will be expansion.

For the Nifty, a move above 5400 or below 5200 should give strong momentum. Within this 200 point range, there are unlikely to be many trading opportunities.

Therefore, patience. Wait for the Nifty to move out of its trading range.