NIFTY sideways prediction 22 NOV

2023년 11월 21일

As we discussed yesterday, NIFTY is neutral. It was range-bound sideways with high volatility candles. Nifty seems to be mildly bullish for tomorrow. All important levels have been marked on the chart.
Reasons:

1. RSI is 40-60 mostly sideways.
   
2. 19825 will be a good resistance and and 19670 will be acting as good support.
   
3. PCR = 0.89 (MIld Bullish)
   

Verdict:
Sideways

Plan of action:
Go with Short Straddle and cut off the leg if it breaks any side.