NIFTY 2ND JAN 2025 - THU - EXPIRY

Seems like a Good expiry , Nifty has broke the big bearish candle formed on 20th Dec & has smoothly sailed through 24060 levels , today it has rallied +1.88% ( 445 Points) , also it has broken small parallel channel trend , closed above 200 DMA, & has touched 20 DMA , so is it signaling the bullish trend in JAN series, yes might be
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Nifty looked strongly bullish today
Magic level was indicating the positive sentiments
Even the there was positive cues from all the industries regarding the Q3, Auto , It sectors etc , consumption, also mid market many positive news from Many sectors
Trying put the today's market movement
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Post 9 :30 AM , it gave fresh Demand as per the asyymetrical traingle pattern, so that iyt went on contracting & again the asymmetrical traingle & rspected the level 24066 was stangnant & again the Asymmetrical traingle pattern

Today most time , market fell m beacuse of the bearish pinbar at the top

Outlook for market seems positive , tomorroe there might slight negative at the first & then a big move expected , seems like nifty was contaction phase now transistioning to expansion pahse with positive sentiments , also the qtry results month ,
Trend Analysis

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