NIFTY -3RD JAN 2025- FRI

Nifty was trending today making bearish move today & complete exact opposite of the THursday expiry, so as per the chart nifty bounce a little & Fall down a bit till the neckline support of the W pattern as seen in the chart , also its in the zone of 0.786 & 0.618 of Fib levels so might consolidate for few days , take support at neckline & bounce back with the Bullish Move

If the above neckline is not supported , then it may continue its trend in the downward respecting the parallel channel

For the day , intially it started with downward trend, retest at few critical point which was acting as SR zone,24086 / 24065 as per the Magic level , as there was earlier a consolidation at that level


Post 11 AM , th trend completly changes to bullish & Surpresingly the Demand D1 was equivalent to insider demand


Post that rally it entered into the Asymmetrical traingular pattern , created a fake breakout at upward & then broke down ,& the supply here S1 was equivalent to insider supply of the Asymmetrical traingle, also here during the downward trend it retested around the neckline support of the M pattern 24095


Again the market recovered made M pattern, while the downfall it retested aound the neckline of 24085, & did fall, later went to trap zone consolidation , where in Supply S2 was equivalent before the trap & after the trap zone


Market has respected & retested around the magic levels , now hovering around the FVG in 15 min TF

In daily Tf