NIFTY Analysis for tomorrow 24 Dec 24

As we discussed, the NIFTY sideways structure market has been sideways the whole time today. Also, it opened at +160 and closed at the same point.

If we look at the chart now:
The market is in a consolidation phase. Big players are accumulating the market. I am expecting the market to be sideways in the upcoming 2-3 sessions.
Support levels: 23529, 23361
Resistance levels: 50 EMA, 23930, 200 EMA

If we look at the OI data:
PCR = 0.8, which has increased from 0.7, shows put addition at the lower level. 23500 has good support points for having good PE writing. On higher levels, 24000 is a nice resistance point, as it has a good resistance point. It also considers 50 EMA and 200 EMA.
I am expecting
The market is to be sideways in the range of 23539 - 23930
Reason:

1. RSI ~ 40 shows a weak bullish structure. (Sideways)
   
2. Price < EMA(13, 50, 200), which indicates a good bearish structure. (Bearish)
   
3. PCR = 0.8 indicates bullish bias in the market.
   
4. price < VWAP shows a good bullish structure in the market.
   

 
Verdict: Sideways
Plan of action:
Sell 23700 CE and Sell 23700 PE hold it in the range. Exit one leg if it breaks to one side.