Note: You have to sell from every top only and bullish trade is non-preferable.
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. In the morning market, Nifty, we are seeing support at 20,000 and resistance is also visible at 20,000.
Resistance was first at 20,200 and then weak towards bottom happened at 20,000 but shifting happened at 20,100 and then from there weak towards bottom happened at 20,000 and now shifting happened at 20,000.
Talking about support, support has been strong since morning. We must be seeing an open interest of 1,64,000 at 20,100 but the interest was from yesterday. As soon as the gap-down was opened, the open interest settled down and the support at 20,000 itself became strong. Now since the support is strong, a diversion market usually takes from the extension of the support. So, the market has taken a diversion in the tick of the first candle in the morning.
But at that time there may have been support somewhere and resistance somewhere, but the market had already taken that diversion. Resistance has shifted from top to bottom, support should fall one diversion extra lower, to the diversion of 19950. Still, a bullish trade will not be preferable. Bullish trade will not be preferable until the support becomes strong in itself and a state of confusion is created in the resistance. If the percentage remains stable at one place then a bullish scenario will develop. Otherwise, we have to keep waiting for the top. You have to sell from every top only. Keep in mind the value also.
Its is great to see blog of voice note 👌👌👌👌 always help us to understand the market carefully…. Thank u sooo much sir
Thanks.