Nifty # Educated Prediction # for 14-01-2021

 Nifty CMP : 14,564.85

New Year is just giving Nifty Short holders a shock one after another.

Hope my fellow brothers in Math-0-Magic channel will agree, we do not have any short-short type of set up on positional basis.

At least now a days, looking at RSI and Divergence study, many would agree the concept of overbought and oversold sometimes get diluted.

When nifty was trading far down from today's high level, our Math-0-Magic was suggesting levels and  the CJ strategy based on Desi Market Profile restrained us from taking short side trade.

Be that as it may , coming to nifty present position, yes we have successfully crossed another base level price gate as well as upside reversal gate as expected on consolidation in between certain levels as per Magic Sheet Levels.

Today, next base level price gate was touched  and reversed as Weekly Break out level and almost attained the Monthly expected level of 14660.

Tomorrow is weekly expiry. Last Expiry was negative. Let's see how data behaves and where we move ahead.

Let me show you all, why I am not getting weakness in Technical Charts of Nifty as of now on different Time Frame.

These Charts will be validated on the act and action of the makers in coming days.

I may be wrong in reading data ( I am not professional data analyst) but what I could read FII are not at all Bearish as per todays data, they more long position than the Short position of the Clients. The number of PUT sold by the Clients as per me has been already eaten up by the FII. So I am expecting, the FII would keep the Clients in loop so long they are net shorter in INDEX. 

As per my VIX levels reading, I find some level of support and resistance for tomorrow :

NIFTY CALCULATOR
Up Side	Down Side
14,678.50	14,451.20
14,836.18	14,293.52
15,040.74	14,088.96
15,192.75	13,935.53
15,388.79	13,740.91
CMP SPOT	14,564.85

So far weekly range as previously shared it is oblivious  range is shifting to other levels and even then also 14660 would be stiff level to cross.

14,659.30	14,470.40	15,015.85	14,113.85
weekly	range	monthly	range

Nifty only sustaining above 14641 will fire up again else it need to go side way to get more fuel for future run.

Now coming to OC in weekly and Monthly Both Hidden PCR and IV is not supporting Bears as of now.

Tomorrow expiry so all data may get altered very fast, however why I see 14100 once again in my system along with 15000 levels.

Keep Learning # Keep Earning # Keep Calm and Happy from inside

Good Luck

Math-0-Magic
13/01/2021


Disclaimer: This write up is for only learning and academic purpose. Please do not take any trade decision based on this write up. Please consult your financial adviser. I am not a SEBI registered analyst.