I am actually bored writing about nifty as it is doing nothing other than keeping both the bears and bulls on tenterhooks. Below is a very simple chart (had to make it colorful...man you ought to feel you are putting work behind it!). The chart in itself is self explanatory; we are in range, and between this broader range we have some pretty tight intraday ranges, so the only way to play such range bound moves is selling the highs and buying the lows. In fact sell at resistances and buy at supports sounds better (gives it the professional touch)! For the fence sitters the wait has been long and frustrating but it will pay. Patience always pays! As for others if you good at ping pong, well you have a game!
"First say to yourself what you would be; and then do what you have to do." Epictetus
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