NIfty prediction analysis today (20-OCT)

NIfty seems bearish as we can see nifty has been in the range as shown on the chart.
Nifty will be facing a good resistance at the level 19665 and also EMA 200 will be providing resistance on uppar side. It seems bearish for this week

Reason:

1. Price < EMAs(13,200)
   
2. RSI is 40, declining shows weaknees of bulls.
   
3. up side multiple resistance such as EMA 200, VWAP, priceaction resistance, etc.
   
4. PCR = 0.89 (bullish) because people have shorted 19500 heavily.
   

Verdict:
Data shows the bearish signals or Sideways.

Plan of action:
observe 15 min candle and then once market is settled go for Selling options. option buying may not be good in such market.