So far bulls seems stronger and have taken back their seat. It would be interesting to see how rest of day pans out.

Yet another upshift on Breakout lines.

Its tough trade.

Probably i will get first target, a bunch of overhanging resistance might trim the rally.

Scratched for break even.

Breakout Lines shifted down.

8430 MIRZ zone is big advantage to bear now, keep the bulls below this and enjoy.

Stuck in a good ranging market.

@vinod

Not mixing the methodology, just for observation. A potentially short setup could not pop-up properly. Though Chikou Span was in free zone but not of type (a) category - Absolute Free Zone. Even if it was considered for short,then comes the risk part. Risk could be in dollar tolerance as it is just 14 point but wait - its big on 1 minute chart at present location if we compare it with surrounding.

This has been in observation from some time. A wide range climatic type of bar breaks and sets new Breakout Lines. Development in new Breakout Line zone often turns nicely from breakout lines, giving a good Low risk High Reward scalp trade.