NIFTY sideways prediction 22 NOV
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:
Verdict:
Sideways
Plan of action:
Go with Short Straddle and cut off the leg if it breaks any side.
Reasons:
- RSI is 40-60 mostly sideways.
- 19825 will be a good resistance and and 19670 will be acting as good support.
- PCR = 0.89 (MIld Bullish)
Verdict:
Sideways
Plan of action:
Go with Short Straddle and cut off the leg if it breaks any side.
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