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.
the down side levels mentioned here worked superb
ReplyDeletenext day onward more into levels of Intraday expected move will discuss
with ref to profile VAL VAH POC and data position like CE sell Buy PE sell buy , unwinding and etc