Mangesh Magical Trading

Nifty Spot and Future Parity As the market Opened today Nifty Future precisely took support near Yesterday's Nifty Spot High at 24025.40 So the Trend was Upward after the first 30 minutes of the sideway trend testing support at 24025.40. On Nifty Spot Chart the Poor- Rich candle of 09:35 and 09:40 am initiated this upward trend. Then Nifty moved above 1st Candle ( Spot Low + Future Low ) ÷ 2 = 23963.60 Gradually it moved exactly towards 1st Candle ( Spot High + Future High ) ÷ 2 = 23999.92 Precisely at this level at 11:35 and 11:40 am candle Rich - Poor candle was formed and precisely from there onwards Nifty fell down below 23963.60. It made many attempts to break above 23963.60 but failed to do so . At last in CAS session it made day's Low at 23897.70