Pour rest of the milk into a heavy bottom saucepan or kadhai. Bring the milk to a gentle boil while stirring occasionally to prevent it from sticking to the bottom of the pan.
Once the milk starts boiling, reduce the heat to low and add the soaked rice. Cook slowly in the milk.
Stir occasionally to avoid any scorching. Keep cooking over low heat till rice is soft and mushy and the milk starts thickening.
Add the saffron strands, cardamom powder, chironji, homemade condensed milk, and a pinch of nutmeg powder.
Continue to cook the Doodh Pak on low heat until the milk reduces to a thick, creamy consistency and the rice is fully cooked and soft.
Now, add the sliced almonds, and pistachios. Stir them in, reserving a few for garnishing.
Serve the Doodh Pak warm or cold garnished with sliced nuts and saffron strands.