Nifty # Education Prediction # 11/01/2021
Math-0-Magic
Every day new Greenery in Nifty # Mad Bulls with Big Horns just Killing Bears.
Yes, No doubt in all time frame Nifty Chart is Bullish and Due to Higher VIX ( abnormal one ) helped option buyers. writers may not have enjoyed.
Based on VIX and IV found support and resistance for tomorrow
If you are you following # Desi MP as discussed before, you may have noted what should be position you should be stick to. ( C and J Candle Strategy)
Nifty is trading above Weekly Range which was posted on 08/01/2021 was from 14387 to 13887 and there was shifting of range in higher side, now Monthly Range as per calculation from 14626 to 13648 is to be seen and how price is behaving at this stage is be carefully observed.
Now this range shifted to
I am not putting any insight as per Magic Level Sheet today.
Now coming to weekly set up on Option Chain Hidden PCR increased from last day and now is at 0.50 ( this is a caution sign) and there is not much confidence so far IV position is concerned. In one word something dicey.
However Monthly OC Hidden PCR is below 0.20 which is good on overall stricture.
There is 99 times excess Put writing over Call writing in Monthly OC, but only 9 times excess PUT writing in Weekly OC.
Keep Digging Keep Learning Keep Earning
Math-0-Magic
Syed Mansur Ali
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