Near month end - Poor RR on upside, scope for profit taking

As we approach the final week of September, it’s worth noting that Nifty has witnessed a strong rally through the first three weeks of the month. Going into the coming week and the remainder of the month, the risk–reward on the upside appears limited. This raises the possibility of profit-taking and a potential mean reversion toward lower levels. In such a scenario, key support zones to watch would include previous monthly highs and other established support levels.