For the whole Month of April till now the range of Nifty is just apprx. 200 points even with important events as Results and RBI policy etc gone by . It may be making most traders uncomfortable as this sideways , low range and low volume Market tends to whipsaws all trading systems. Below are some charts with observations.
1. Weekly :
2. Daily :
3. Hourly :
4. Five Min :
Its best to wait on sidelines or trade light and wait for breakout to happen with visible increase in volumes on one side. Patience ,Price levels and Position size will surely Pay in the end .