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. This morning, currently support is visible in Nifty at 19000 and resistance is visible at 19000. Support has shifted from bottom to top, i.e. from 18900 to 19000. And resistance is strong in itself. The vale of extension of resistance can be found by clicking on its volume on the call side of 19000. The extension of resistance is where the market will stop once.
Now since the support has shifted from bottom to top, the market will move one above diversion from the resistance. If resistance is 19000 then the market is likely to go above the strike price of 19000, i.e. till the diversion of 19050. Click on the volume on the call side of 19050, the value will not go up much.
Today the market is not more volatile on the bullish side. The market is more volatile on the bearish side. Since there has been a Gap-Up opening, we will click on the volume on the call side of 19050 and whatever value is coming, we will draw a line. That will be the top line of the day. The bottom line of the day will be on the new extension of support. That is, diversion of the put side of 19000. Draw a line here also. Once again click on the put side volume of 19050. There also a value will be visible which supports the market. This brings stability in the market. The market will now stop at 19006, which will be a highly risky bullish market.
The Possibilities:-
1- Support will remain weak towards bottom for a few hours. If it remains at the same percentage for a few hours, the market will fall drastically to the extension of resistance due to the state of confusion.
2- If by mistake this support becomes weak towards top then there will be a possibility of bull run in the market.
3- If the support becomes weak towards bottom at a new place, in such a case the market will not go up beyond one diversion of resistance.
Vary Nice’s guidelines
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