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

Image : Nifty candle chart in daily time frame 

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

Image of nifty profile chart 

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. 

Do not forget to share you good bad opinion.

Nifty Chart analysis 30/12/2024

 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.

Image : Nifty candle chart in daily time frame 

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).

Image of nifty profile chart 

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. 

Old Journey in a New Path, 2025

Desi Market Profile 

 Author : Syed Mansur Ali 

 Telegram : @Ali_Syed77

From 1st of January 2025, I will be trying to publish my reading on market and allied instruments in my blog to reach to you all.

Already I have posted in my telegram channel @Ali_Syed77 about the probable levels of support and resistance for the entire year 2025.However again I am sharing the levels with you.

This is my nifty support and resistance calculation for the entire year 2025 prepared on the eve of last expiry of 2024 of nifty when price was quoting at 23,750.20 So as present nifty bulls only may get activated if price close above 24249.58 (24250) spot and Bears will be more active if 23250.82 ( 23250) spot is broken. This is a wide range calculation so we can mark these levels on nifty spot chart and study with lower time frame charts with the change in price action and data developments.

I will be trying make educated hypos of stocks and index in coming days and this Blog Page will keeping the record.

Apart from the chart study I will also try to share my reading /observation or approach to study price action under the preview of Desi Market Profile which is basic of all  and in addition to that some 
observation on Data points, reading of wicks to read Smart Money Action, Technical Indicator like RSI  and its behavior. Moving averages and my stuff of Arthasashtra Inputs on number science with Magic Sheet   Level .


Looking forward from tomorrow itself to post my reading on regular basis.