Hello, LTP Calculator users and community members. Dr. Vinay Prakash Tiwari has released the voice message. Here are all the considerations you should make before dealing in the market of today. As we were able to see Nifty in the morning, the support has shifted from 19300 to 19400. Resistance became weak towards bottom from 19500 to 9450. It is Scenario number 8, here support is weak towards top and resistance is weak towards bottom. Support shifted from bottom to top, and resistance weak towards bottom.
Since the resistance is weak towards bottom, the extension of resistance itself could be the highest of the day. However, since the resistance is weak towards bottom, the diversion is on the call side of 450 is significant in itself. The support itself is strong, currently, there is no weak towards bottom anywhere at the new place. If bottom is reached then this scenario which is consolidated will convert into the bearish scenario. If both volume and interest have to be weak towards bottom then only it will be called support as weak towards bottom.
Currently, consolidation is visible around 450 and 400 in the market. We have drawn the line at 450 at the top on the call side. We have drawn a line at the bottom of the put side at 400. We have drawn a line in the middle at 400 on the call side and 450 on the put side. So in this way, a similar line like yesterday is created.
The Possibilities: –
1- If Support also becomes weak towards the bottom, the market should sell from top. That means it should break downwards from here.
2- The support remains strong in itself and the resistance remains stable at this percentage for the next hour, that is, if it decides to be Weak Toward bottom, then the market will move upwards.
3- If the resistance shifts down to 450 and becomes strong, in such a case the market will fall till the extension of support.
4- If the resistance becomes strong again at 500, in such a case the resistance in the market will go up by one diversion extra.