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:
Verdict:
Sideways Accumalation Phase
Plan of action:
Hold Previous positions or Create a neutral position for 19650-19700 Zone.
today it's also expected to do the same.
Reasons:
- Having resistance of 200 EMA above side.
- Major resistance Zone at above side.
- PCR = 0.82 (Mild Bullish)
- Accumalation phase is going on.
- 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.
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