Nifty Educated prediction
Date : 29/12/2020
Spot CMP : 13,932.60
Nifty is making Move in unknown Territory.
As per Fibbo Nifty lofted over the important zone of 1.272%.
Test and Retest already made. Is price action is targeting at
neutral
Fibbo zone of 1.618, may me yes, as the higher time frame
set up
is not bearish. Sellers are not getting favourable levels.
One of Trend indicating indicator in Monthly & Weekly
chart is pushing the price in Bulls zone further.
However Option Chain control the overall action in derivatives
segment.
Yesterday ( 28/12/2020) there was 958 times excess put
writers in the system.
Today there has been repetition of Put writers.
Call writers are seems to be out of system and they are
not finding any ground to stand and today there is 942 times
excess put writing over call writing and as per my
Equilibrium theory there is absolute abnormality in the OC
Since Last two years I have not seem this type of excess Put
writing in any OC
I am rather unhappy with the rise of the price, but hidden
is 0.04 which is also abnormal.
I am anticipating a Toofan in this expiry.
I am not confident in taking long position in nifty now as
I am waiting for adjustment of Price action through Premium
Kaal sayad Expiry game ho jaye in advance.
Put writers small move will show a cascade of price action.
Only IV is not favouring bears.
A move of 418 point is on card in next two day.
I am getting this levels as per VIX and IV inputs for support
and resistance for tomorrow.
As per my understanding FII are bullish than Clients.
This Participants data also suggest further upside move
of nifty is pending with some zig zag move ( premium eating).
As per Magic Level Sheet ( Math-0-Magic) important resistance
are this two price level and today 13962 acted good
resistance.
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