NIFTY STUDY FOR 07/01/2024 

MATH-0-MAGIC 

LET US SEE THE GRAPHICAL MOVE OF NIFTY ON PROFILE AND CANDLE CHARTS FIRST 

TO SEE HOW AFTER FORMATION OF IB HOW NICELY PRICE MOVED WITH ROTATION BUT KEPT A SMALL LEVEL OF SINGLE PRINTS WHIHC KEPT THE EXPECTATION OF BULLS FOR RISE UPSDIE, AS PER STRUCTIRE THERE IS WEAKNESS BETWEEN 23875-23825 SPOT LEVEL. TODAY WE HAVE TRIPPLE DISTRIBUTION WITH PRICE CLOSE NEAR VAL  AND TOOK SUPPORT OF MULTIPLE SUPPORT LINE.

TOMORROW WE NEED TO SEE HOW DATA IS DEVELOPING  AND WHETHERS PRICE IS CLOSING BELOW IB OF JANURAY OR NOT 

SO NOT PLANNING ANY TRADE FOR TOMORROW
WE TAKE HELP OF OUR OPEN RANGE CALCULATOR FOR CATCHING THE PRICE TREND WITH HELP OF RSI 

THERE IS 17 TIME EXCESS CE WRITING OVER PUT WRITING  AND PCR IS 0.57 SO KEEPING PCR SUPPORT AT 0.49 A PULL BACK MOVE CAN BE SEEN TO ADJUST EQUILIBERIUM BY COMPROMISING OPTION PRICES 

EXPECTING A STOPPLOSSSSSSS HUNTING DAY TOMORROW 

I HAVE ONE DISCLAIMER OPINION AS FOLLOWS 

THIS MOVE OF DOWN SIDE SEEN TODAY WAS NOT DUE TO ANY PERTICUALR NEWS.  

NEWS COMES LATER. 

CHART SPEAKS BEFORE HAND 

EVEN DATA IN DERIVATIVE AND POSITION CREATED BY SMART MONEY WERE NOT BULLISH EVEN THOUGH WE REACHED 24200 BUT SEE BELOW OCT LOW MARKET HAS TO GO DOWN AND MOVED  IN THAT FASHION ONLY.

LETS HOPE FOR THE BEST. 

SATARK RAHE 
SABDHAN RAHE 
SAFE RAHE 
SMILE KAR TE RAHE