NIFTY Prediction for 9th Nov

NSE:NIFTY   Nifty 50 Index
As we discussed, a neutral view of NIFTY moved sideways the whole day by gaining +36 points.
Right now, NIfty is at a really crucial point where it might go from the 19550 to the upside, where it might face the 4H-TH trendline as resistance. Tomorrow's nifty has expiry, which means it might be sideways with high probability. Expiry is likely to end in 19350-19450.
  1. Expiry day for Nifty (Mostly Sideways)
  2. 50 EMA day TF resistance to upside. (Resistance)
  3. Price > EMAs (Bullish)
  4. RSI is 40-60 mostly Sideways.
  5. Price action resistance to upside at 19460.
  6. PCR = 0.88 (Neutral) (Put:Call Ratio)


Plan of action:
don't go for option Buyiing. let it make the range and then make iron condor.


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