Note: The volume will change a lot in today’s day.

Right now as we are seeing the market,  Resistance in Nifty starts from 19,400 and support also starts from 19,400.

• Resistance is itself weak towards top.
• Support is itself weak towards bottom.
• Gradually the support shifted from 19400 to 19300. The resistance still remains the week towards top.

However, looking at the volumes on the resistance side, volume of 19300 is 1,10,000 ; volume of 19,350 is 1,42,000, volume of  19,400 is 1,87,000 , volume of 19,450 is 1,08,000 and volume of 19,500 is 1,84,000. 19550 or 19600, everywhere we are seeing volumes above 1,00,000 and parallel,  very fast, very quickly and continuously.

Now let’s try to understand how this market seems to be running.

• Currently, this market will be seen tangled around 19350 and 19400 levels. What is the reason behind it? Support shifted from 19400 to 19300. Resistance is 19400 to 19500 weak towards top. So, as long as this situation persists, in such a case the market will neither be able to fall down, nor it will be able to go up.

How far down will it not be able to fall? Or, How far will it not be able to go up?

When the support shifts from one place to another, in such a case the market moves one diversion extra below the support. This means it should go up to 250 accordingly. But since resistance is weak towards top then this Will not go till 250, will go till extension of 300.

• When the resistance is weak towards top, then as far as the weak towards top is, the market reverses one diversion from prior, that is, it should reverse from 450. But since the support has shifted from top to bottom, it should be shifted from extension of 400 and not 450.
• So the overall market is between extension of 300 to extension of 400, if no new situation is created.
• If such confusion is being created continuously on the resistance, or the resistance has shifted upwards, then in such a case the market will go for a diversion of 500, instead of going for diversion of 400. Remember this because if the resistance is shifted up, in normal condition it would go up to diversion of 550, but since the support is from the bottom, it will go up to diversion of 500. So the range of the market will increase by another 100 points. Right now because the support is on the downside, the resistance is on the upside, so this market is seen around 400 and 450.

From where will we get the opportunity to trade?

Whenever we will get a full top or a full bottom.

How will we know?

• By looking at the chart of accuracy 2.0 of 300, 350 or 400.
• call side is getting aggressive on 350
• Call side getting too aggressive on 400
• Put side getting too aggressive at 300
• When the market moves down, good places will be near the extension of support.
• Before One diversion of support can also be a good place but it will be risky.
• Speaking of resistance – the extension of resistance from the old resistance would be a good place.
• But if the resistance shifts, the new resistance will be a risky place before one diversion.
• And the new resistance would be a perfectly safe place.

Take care of all the aspects and trade accordingly. One end has to be weighted.

If we talk about the current market, one end which is visible is the risky end at 377. Risky because the market will be able to move from here to the extension of resistance as both volumes are very close.

If the condition is such that the resistance becomes very strong at 400 and the support becomes very strong at 300, in such a case the market will fall down till the diversion of 250. we will get an opportunity to sell from the top.

The market has become strong at 400, if 400 becomes properly strong then we will get to see a good selling environment from the top.