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.