Trade Setup: Nifty confined within a broad consolidation range; don’t chase up moves

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It was a listless and a lackluster day for the Indian equity market on Friday as headline index Nifty made no major move on any side and ended the day after oscillating within a 100-point range.
After opening on a mildly positive note, Nifty soon slipped in the red. After that, it came in the positive territory momentarily but largely traded in the negative zone. The index oscillated within a defined 100-point trajectory during the session and took no directional bias during the day. The headline…

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