Note: – Nifty is going to remain consolidated and the market is more likely to turn bearish today.

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.

If we look at the market, there is turmoil in the resistance and support. RBI’s policy is going to come today. That’s why Nifty is going to remain consolidated here, no matter how many red-green candles are formed, nothing will happen. This market will make you wait. The market is standing at the top of the weekly range.

Right now we are able to see the market,

• The resistance was at 19600 in the morning, later went to 19700, never got strong, went up, and immediately came back to 19600, and kept trying to get stronger slowly.
• Support was at 19600, shifted from there to 19500 but still the percentage of weak towards top is constant.

Here are the following possibilities in the market today: –

• If the percentage of resistance kept decreasing on the weak towards top, the resistance became strong,
• If the percentage of support remains stable till the resistance is strong, then the support will consider a ‘state of confusion’ and if not; even if this support becomes strong later, it will still be a bearish market.

(The condition of a bearish market is that the percentage of support should start increasing. That is the only condition that will turn the market bullish. Bullish means the market will stop on this support. Otherwise, the market will not stop. Manipulating the market in one way or the other, it will create an atmosphere of selling from the top.)

We have to take in mind:-

1. We have to wait for the correct value.
2. The possibility of being bullish is looking very difficult.
3. The market is more likely to turn bearish because if the resistance becomes strong and the state of confusion remains in support, then the market will turn bearish.
4. Waiting for the resistance to become strong. If it becomes strong, then the path will be clear for us.
5. This instability will remain until the policy of RBI comes. As soon as the policy comes, the instability will end and on the side where the momentum will be good, you can take trade according to it.
6. Waiting for the support to remain stable like this or waiting for it to increase to 500, that is, if the resistance becomes strong at 500 in itself gradually, then it will create an atmosphere to break the market from the top and by breaking, it Will go till the diversion of 450.
7. To take a bullish trade the weakness of the percentage of resistance (Volume and OI) should start rising, which means 84% and OI should shift back from 92% to 19700 strike price.
8. The percentage of the weakness of support is 19600 ( weak towards top) , and should also start increasing. And after increasing, the support should come back to 19600.
9. If the resistance weakness does not happen, then the support will come at 19600, even then the market will not be much bullish. But it will be bullish only if there is a weak resistance. Because if the support comes to 19600 and even then it does not become strong, then this weakness will be called weak towards bottom. To become bullish, the support will have to be strong at 19600 and its percentage will have to decrease continuously.
10. The weakness of resistance will also have to move upwards, otherwise, even if the support does come up, it will come only till the extension of 600.
11. On one side the Implied Volatility is at  12-13  and on the other side the Implied Volatility is at 10. It’s a huge difference here.