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NIFTY sideways prediction 22 NOV

NSE:NIFTY   Índice Nifty 50
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.

Aviso legal

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