Price moved within a narrow range today.In view of a holiday tommorrow, probably not much of movement.Price has been held within the Magenta PF and moving sideways .
What next?
Drawn a green parallel channel between recent Swing highs and low.If the sideways move continues, it can hold 5000 and move up towards the target 05 5100-5130.If not, a breakdown can lead to 4950-4850 zone.
Bias is towards testing of 5100-5130 area as we are in short term uptrend but should have caution for sudden volatile moves leading to a breakdown.
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