Interesting name of the thread FT.
Nifty and Bnifty are both forming Flag/Wedge formation. Till the range is maintained, markets will remain volatile and choppy. However, there will always be a possibility for a break out to occur on the upside. On 1-2% drop in index, traders are becoming so cautious. When such reactions loom around, somehow markets never fall much. Anyway, boundaries of Wedge/Flag must be in focus now.
Tc