Nifty Sideways Prediction for 27 Sep 23

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.