Consolidating in narrow range, waiting for next move

The Nifty today, did virtually nothing, consolidating in a narrow range. Today was an NR7 day (narrowest range in seven days). We can expect a trending move tomorrow. Traders should be on the alert. Nifty chart is given below. Note the NR7 days painted in blue. Trending moves emerge from these patterns. The Bank Nifty chart is also given below. The Bank did not make an NR7. The pattern for the Bank Nifty resembles a pennant (small, pointed triangle) which is usually made half way in an up trend. Traders should buy the bank Nifty above 11,900 and avoid buying if it breaks below 11,540.