Nifty is taking rest ! Buy or Sell?

Nifty Trading below 5EMA 4522. Weekly pivot is 4509, while Daily Pivot is 4503. It indicates that nifty is lingering at the centrepoint with not any direction. The market is expected to be range-bound. Support for the Nifty is seen around 4,450 and resistance above 4,600. Among the August options, strikes between 4300 and 4700 were the most active, indicating the probable range for Nifty movement.
Strategy :

• Buy Nifty in oversold positions in hourly chart. Also follow the signal of 13x34 MA crossover.
• Short Nifty 4450 and 13x34 MA crossover is bearish.