Tomorrow werkly expiry of nifty
So better flow of market information be heard without any noise and data development be look into
Nifty study for 08/01/2025
Math-0-Magic
CMP :23707.90 spot
Today we have a balanced profile in nifty as it is as expected a balance profile after imbalance is normal. but during the day the price rotated maximum time in between 23707-23766 and premium of both CE and PE adjusted with rise and fall.
Joke apart keep well /keep reading / keep digging
NIFTY STUDY FOR 07/01/2024
MATH-0-MAGIC
LET US SEE THE GRAPHICAL MOVE OF NIFTY ON PROFILE AND CANDLE CHARTS FIRST
TO SEE HOW AFTER FORMATION OF IB HOW NICELY PRICE MOVED WITH ROTATION BUT KEPT A SMALL LEVEL OF SINGLE PRINTS WHIHC KEPT THE EXPECTATION OF BULLS FOR RISE UPSDIE, AS PER STRUCTIRE THERE IS WEAKNESS BETWEEN 23875-23825 SPOT LEVEL. TODAY WE HAVE TRIPPLE DISTRIBUTION WITH PRICE CLOSE NEAR VAL AND TOOK SUPPORT OF MULTIPLE SUPPORT LINE.
Math-0-Magic (@Ali_Syed77)
DEAR READERS :
NIFTY PROFILE SHITED HIGHER SIDE TAHN PREVIOUS DAY
AND ACCEPTED UNDER THE VALUE AREA 20/12/2024 WHICH THE MONTHER CANDLE IN
RECENT PAST.
TODAY NIFTY SAVED 2025’S POC 23707 AND MOVED SHARP UP WITH PROFILE READING OF C
ABOVE IBH AND D AVOVE C AND PRICE ROTATED
AT HIGHER SIDE WITH DAY AT J PERIOD
AT CLOSE DAY’S J LOW SAVED MARGINALLY. CLOSE PRICE IS ABOVE DAY POC /YEARS POC AND
NEAR VAH.
SO FOR TOMORROW NIFTY PRICE HYPOS WOULD BE LONG ABOVE 23785 WITH RESISTANCE AT 23860 AND SHORT BELOW 23665 WITH SUPPORT OF 23583. HOWEVER GAPUP AND GAPDOWN NEED TO BE SEEN WITH FORMATION OF IB.
SO RESISTANCE OF PCR AT 1.11/ 1.21 WITH SUPPORT OF 0.87/0.78
CE WRITING LEVEL: 23790
( AVOVE THIS CE WITERS OF 23750 WILL FACE PAIN)
PE WRITING LEVEL 23697
( BELOW THIS 23750 PE WRITERS WILL FACE MAJOR ISSUE)
DATA RANGE 24000-23600
DATA RESTRICTION INITIAL LEVELS :23800-23600
TOMORROW IS WEEKLY EXIRY SO RAPID CHANGE IN DATA WOULD BE SEEN
PAY ATTENTION TO DATA CHANGE DURING THE DAY
Date: 31st December 2024
Nifty CMP: 23,644.80. (SPOT)
only 10 paisa ka farak 😀😀
Mother Candle High 24065.75 & Low 23535.60
Today nifty made low of 23460.45 but not closed below Mother candle low
Till now price did not breach either side, though a small/ tiny 🔺 and lower trend line has been breached and its continuing
Now what would be our educated hypos for next session :-
Today nifty faced the selling pressure at first half and later after crossing C high D closed above IB high and later It faced a Jhatka after J candle
Interestingly the VALUE AREA has shifted down
Its been two days we are closing below 23707, which is POC for 2025
If Nifty breach 23250 level on closing basis then Bear will start singing
जान की कुर्बानी ले ले दिलबर जानी
तबाही पक्की है आग तू मैं पानी
जान की कुर्बानी ले ले दिलबर जानी
तबाही पक्की है आग तू मैं पानी
Take the sacrifice of Bulls life, dear Bears.
Destruction is certain, you are the fire and I am the water
We will wait for formation of IB tomorrow for better opportunity and data developments during the day.
EOD data analysis for reference for next day.
Nifty PCR : 0.93
so there is sufficient rise in PCR from yesterday
Thus the price fall was arrested
PCR support at 0.62 and 0.49
As per IV data Nifty is seeing more PUT buying than CE buying
But the excess CALL writing has been adjusted in system
Now 1.87 time excess CE writing over PUT writing
so I am expecting a trending move onward
Still data range is wide 24000-23400 and immediate data restriction is at 23600-23500
so the close of nifty is above data restriction.
above 23681 CE writers will face trouble
below 23608 PE writers will face trouble.
Price of CE and PE are expensive as of now.
above all the below Picture is required to be keep in watch and we need to see the price action at 23707 as of now.
Date: 30th December 2024
Nifty CMP: 23644.90. (SPOT)
Mother Candle High 24065.75 & Low 23535.60
Till now price did not breach either side, though a small/ tiny 🔺 and lower trend line has been breached.
Now what would be our educated hypos for next session :-
Today nifty faced the selling pressure and formed a normal profile but not imbalance and closed below of last 5 days POC and at near today's. VAL (Value area low).
As per Magic sheet levels 23526-23596 would work as support level and as we have already discussed there are two pominent Resistance zone @23855-23867 and 23766.
Keep it noted 23707 is POC for 2025 and we are trading below 24075 wth RSI weak levels below 50.
We will wait for formation of IB tomorrow for better opportunity and data developments during the day.
Tomorrow werkly expiry of nifty So better flow of market information be heard without any noise and data development be look into