NIFTY Prediction today 1st Nov 23

NSE:NIFTY   Nifty 50 Index
NIFTY was quite Bearish yesterday as we discussed the levels and trendlines respected quite well. a short trendline is broken to downside and selling presure was more to downside, by looking of the trend yesterday nify seems bearish for this week.
  1. 200 EMA Resistance (Good Resistance) (Bearish)
  2. Price Action Resistance (Red Zone upside) (Bearish)
  3. Yesterday Heavy selling presure
  4. Price < (13,50) EMA (shows bearish)
  5. PCR = 0.75 (mild Bearish), MAX Pain = 19100
  6. RSI > 40-60 (Sideways)


Plan of action:
look for initially 15 min. follow the trend. Sell high levels.

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