TRADING STOCKS USING CHARTS

Bank nifty trading with high volatility from few days. Bank nifty made a lower top and lower bottom and now trading in a range. Next week trade with caution as gujarat election results are awaited. Can go long above yesterday's high of  25600 with a target of 26000.

Nifty is trading in range of 10050 - 10430 with high volatility.Positional move can happen only out of this range. But Nifty looks bearish as lower top and lower bottom is in place .But need to wait for confirmation. Next week should be traded cautiously as gujarat elections results may impact the market.