Last smallest range then 60 points that we had was on 20/Mar/09. which is 99 days before giving us NR99.
That day the range was 42 points.. but then nifty was at 2807. So as a % of nifty closing price the range was 1.5% approximately.
Today we had 60 pts range when nifty is at 4580 giving us the range as % of close price = 1.3 %.
Last time we had lower then 1.3% range was on 19/feb/09. Range was 33 points when nifty was at 2790 giving us the % = 1.18 %.
So if u take closing level of nifty then earlier narrowest day will be 19/feb giving us NR117 today.
Thats sufficient for looking into the history. What happened after that is more important.
After 20/March we haven't seen that low till today. That was start of current bull move.
After 19/feb NR day, market broke on the low side and went down till 2539 level from 2790 level. i.e. 250 points = 10% approx.
Lets see what happens on Monday. Till then enjoy the weekend.
Wishing you all Happy independence day.
Jai Hind.