Both the Nifty and the BankNifty put in balanced profiles last week.
The implication is that the market would continue it's range bound behavior till either the weekly value high or the weekly value low is crossed on a daily closing basis.
The shaded regions are the value areas.
In the Nifty it would be 5968- 5932-5904.
In the BankNifty it would be 12420- 12340- 12230.