Nifty Sideways Prediction for 27 Sep 23

27 de set. de 2023

As we have been discussing the range for nifty whole week. Nifty is moving in the sideways zone in range 19650 - 19750.
today it's also expected to do the same.

Reasons:

1. Having resistance of 200 EMA above side.
   
2. Major resistance Zone at above side.
   
3. PCR = 0.82 (Mild Bullish)
   
4. Accumalation phase is going on.
   
5. RSI is in 40-60 mostly indicate sideways momentum.
   
   

Verdict:
Sideways Accumalation Phase

Plan of action:
Hold Previous positions or Create a neutral position for 19650-19700 Zone.