Mangesh Magical Trading

*Hint* Compare Nifty Spot first 5 minute candle and Nifty Future first 5 minute candle .... Any Common point? We need more than or equal to 6 or less than or equal to 3. If found one then mark Highest High and Lowest Low between these 2 candles . Mark Horizontal Line at Highest High on Nifty Spot Chart and mark Horizontal Line at Lowest Low on Nifty Future chart. Observe and share what do you see .

Nifty June to be considered.

See the PE side rise once Nifty Future broke below 24032.35

Nifty Breaks below Previous Day Low but 23950PE yet to make Higher High above it's Previous day High.

23877 reached

A typical First Day of a New Monthly Series scenario. Premium Decay in both , CE and PE. Observe first 3 candles on 5 minute chart of Nifty Spot. Second Candle Body ( Open and Close) is between High and Low of the First Candle, And , Third candle Body is between High and Low of the Second Candle . This denotes Consolidation .

Day's 1st 5 minute candle High 23934.90 + 0.1306% = 23966.15

*INDEX SPP* NIFTY 160.50 BANKNIFTY 965.50 FINNIFTY 454.15 MIDCPNIFTY 264.20 SENSEX 286.05

Nifty Spot Previous day's First 5 Candle High 23934.90 + 0.7389% = 24111.75 Major Resistance for upmove.

Why Nifty Reversed downward from 24159.45 ??? Answer lies in Spot - Future parity. Just watch July Future day's 1st 5 minute candle Low . It's 24160

See whether this calculation is of any Help ? (Day's 1st 5 minute candle Spot High 24097.70 + Future same candle High 24187 ) ÷ 2 = 24142.35 Draw Horizontal Line at 24142.35 on both, Spot & Future charts, and see whether this level helps in any manner .