Above is a 10 day average of the daily high low range for Nifty. For the last six month or so there is a contraction in the daily range and it is locked in the 40 - 60 range. Intraday trading in Nifty can be very challenging in these conditions and that was one of the reason for me to switch to the 3 ema method which allows a mix n match of some overnight trades plus some intraday trades.
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