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, we can see support in Nifty at 19700 and resistance at 19700. Both are very strong in themselves. Talking about support, we see two volumes on the bottom side, 300000 and 307000. We have to keep an eye on them. The one which is 300000 is 70% WTB and the one which is 307000 is also approximately 70% – 72% WTB. However, if the WTB is at 300000 then the market will reverse from where it stands at maximum, if the WTB is at 650 then it will take a diversion from 650 if the WTB is at 600.
So overall 4 magical lines are visible in the market:-
1- 1st line at the diversion of 650, which is the bottom line.
2- Which is EOS – 1, that will be our 2nd line. This is the second extension of support where the market stands. This is a place to take risks. Risky because, if the support becomes weak towards bottom then it may go down to one diversion.
3- 3rd line is on EOR which is a safe place. Because extension of support has not been hit even once. If it hits once then also it is safe.
4- 4th line will be EOR + 1.
There is a market of these 4 lines. Everything is going to happen in the market in these 4 lines only.
Take any trade in the market only after waiting for your value.