Market Study
DATE 03/01/2024
Math-0-Magic (@Ali_Syed77)
DEAR READERS :
Juhk gaya assama
Bulls are beaten slightly on Friday as one of the Important level of 24214 was not protected by Bulls and price has been dragged down below OCT 2024 low. The resistance was broken by bulls on Thursday could not be protected on Friday
So January IB high 24226.70 and IB low 23562.80
C closed at around 24000
So Monday will be very interesting if price sustain above 24214 then only bulls can be active else C low is savior for them.
As per desi MP observation profile is balanced one.
we need to see how D candle is forming and closing.
there is selling pressure in CE charts and some buying interest is there in PE sides with lowering PCR
Bulls are beaten slightly on Friday as one of the Important level of 24214 was not protected by Bulls and price has been dragged down below OCT 2024 low. The resistance was broken by bulls on Thursday could not be protected on Friday
So January IB high 24226.70 and IB low 23562.80
C closed at around 24000
So Monday will be very interesting if price sustain above 24214 then only bulls can be active else C low is savior for them.
As per desi MP observation profile is balanced one.
we need to see how D candle is forming and closing.
there is selling pressure in CE charts and some buying interest is there in PE sides with lowering PCR
however 24200-24000 is major OC data range
So what would be educated hypos for next day
So what would be educated hypos for next day
Buy can be initiated above 24144 or 24214/24285 with a support at 24075 and Sellers will be active around 24023 for support 23955/23898 keeping resistance 24125
This is my hypos reading not trading suggestion
Study yourself and share your opinion for better reading
Study yourself and share your opinion for better reading
Readers please share your valued opinion if you find our reading is eligible enough for the same
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteJanuary IB high 23226.70 and IB low 23562.80
ReplyDeletethere is typing mistake as level of January High
please read the sentence as follows :
January IB high 24226.70 and IB low 23562.80