For a detailed discussion, you can watch my YouTube analysis.
As we discussed in our last discussion, Nifty took support from a minor support point at 21670.
Now if we look at the chart:
The market has formed a range of 21670- 21800. Inside this range market, it is going to be sideways. Price is trading at 200 EMA, which can provide a make-or-break situation.
If the market breaks 21811 to the upside, the Market is going to touch the upper trendline marked as red.

If we look at the OI data:
Pcr = 0.86 shows bullishness in the market. Also, FII and DII are showing mild bullish signals. Whereas clients are strongly bearish, that market can open GAP-UP in the next trading session.
22000 shows huge resistance to the upside, and 21500 shows strong support.

I expect the market to open a gap-up and then retrace a bit. 2 possible trade scenarios are marked in the chart.
Reasons:

1. Price > EMA(13); also trading at 200 EMA. (indecisive.)
2. Price is trading at a resistance level; either side will decide the direction of the market at that moment.
3. RSI ~ 60 but having hidden bearish divergence. Which might lead to some correction.
4. OI data Pcr = 0.86 shows the bullish sign. which is confirmed by FII and DII data.
5. market is in the descending triangle pattern which is a bearish chart pattern.
6. Price > VWAP, which shows the market is having strength.