NIFTY STUDY

NIFTY CMP :23,742.90

DATE : 01/01/2024 

https://t.me/Ali_Syed77

A: PRICE ACTION SEGMENT WITH DESI MP 

NIFTY PROFILE SHITED HIGHER SIDE TAHN PREVIOUS DAY  AND ACCEPTED  UNDER THE VALUE AREA 20/12/2024 WHICH THE MONTHER CANDLE IN RECENT PAST.

TODAY NIFTY SAVED 2025’S POC 23707 AND MOVED SHARP UP WITH PROFILE READING OF C ABOVE IBH AND D AVOVE C  AND PRICE ROTATED AT HIGHER SIDE WITH DAY AT J PERIOD

AT CLOSE DAY’S J LOW SAVED MARGINALLY.  CLOSE PRICE IS ABOVE DAY POC /YEARS POC AND NEAR VAH.

SO FOR TOMORROW NIFTY PRICE HYPOS WOULD BE LONG ABOVE 23785 WITH RESISTANCE AT 23860  AND SHORT BELOW 23665 WITH SUPPORT OF 23583. HOWEVER GAPUP AND GAPDOWN NEED TO BE SEEN WITH FORMATION OF IB.

CHART FROM : https://gocharting.com/terminal?ticker=NSE:NIFTY

B: DATA POSITION ASPECT :

B1.    THE SELLING SPHERE OF THE FII ARE NOT DECREASING AT EOD  DATA THOUGH THEY ARE CHANGING THEIR BALL GAME DURING THE DAY. DESI BOYS ARE STILL NET LONG IN INDEX FUT  AND FIRANGIS ARE SHORT. TODAY CLIENT ADDED LONG BY  259932 WHERE AS FII FURTHER SHORT ADDED -234196 

B2: PCR : 1.03

SO RESISTANCE OF PCR AT 1.11/ 1.21  WITH SUPPORT OF 0.87/0.78

CE WRITING LEVEL:  23790 ( AVOVE THIS CE WITERS OF 23750 WILL FACE PAIN)

PE WRITING LEVEL  23697 ( BELOW THIS 23750 PE WRITERS WILL FACE MAJOR ISSUE)

DATA RANGE  24000-23600

DATA RESTRICTION INITIAL LEVELS :23800-23600
TOMORROW IS WEEKLY EXIRY SO RAPID CHANGE IN DATA WOULD BE SEEN
PAY ATTENTION TO DATA CHANGE DURING THE DAY 

INDICATORS POSITION :

RSI IS STILL RUNNING BELOW 50 LEVELS IN DAILY CHART 

IN 30 MINS RSI MOVED ABOVE 50 LEVEL

IN DAILY TIME FRAME NIFTY SAVED 200 EMA 

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