As we can all see nifty has a negative correlation with the dollar index, so either the dxy should come back to 100 or nifty if breaks 16850 on 3hr time frame, i.e one 3 hr candle closes below then we can short it and if closes above 17950 then we can go long with heavy future till then it's sideways one can make iron condor for it or can scalp in intraday whenever market comes to support/resistance.