Nifty study for 08/01/2025
Math-0-Magic
CMP :23707.90 spot
Today we have a balanced profile in nifty as it is as expected a balance profile after imbalance is normal. but during the day the price rotated maximum time in between 23707-23766 and premium of both CE and PE adjusted with rise and fall.
As per this profile we can treat the profile of 06/01/2025 as Current Mother profile and today profile is formed inside the P-day profile
so action to be taken for long short is above 23766 and below 23707 subject to Open Range levels and Open Types including IB formation.
As per data position in OC is showing major range or External Range from 24000 to 23000 however immediate range is 23700-23800 and that is why nifty time and again came down below 23800 and went above 23700.
Keep C low in mind and IB low January 2025 in mind while finding Supper and resistance
Yearly POC hope you all remember # 23707
Bulls are reminding me two dialogue from film Massan
Saala Ye Dukh Kahe Khatam Nahi Hota Bey as bulls are not able to push the price higehr
so action to be taken for long short is above 23766 and below 23707 subject to Open Range levels and Open Types including IB formation.
As per data position in OC is showing major range or External Range from 24000 to 23000 however immediate range is 23700-23800 and that is why nifty time and again came down below 23800 and went above 23700.
Keep C low in mind and IB low January 2025 in mind while finding Supper and resistance
Yearly POC hope you all remember # 23707
Bulls are reminding me two dialogue from film Massan
Saala Ye Dukh Kahe Khatam Nahi Hota Bey as bulls are not able to push the price higehr
AND
too kisi rail see guzarati hai / main kisi pul sa thartharaata hoon
when bears drag the price bulls are singing this line
Joke apart keep well /keep reading / keep digging
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