Note: Many reversals can be found in this market. 7-8 trades are made 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. As we were able to see the market in the morning, we can see support in Nifty in the market at 21000 and resistance is also seen at 21000. The market has already moved from an extension of resistance to an extension of support. And once it has also moved from extension of support to extension of resistance. Now since the market has once hit the Extension of Resistance and Extension of Support, in such a case Chart of Accuracy 2. 0 will be activated. The market will have the potential to take one diversion extra above its extension of resistance. An additional from the extension of support will have the potential to go one extra diversion down in the market. In such a case we have:-
1- Extension of Resistance,
2- Extension of Resistance + 1,
3- Extension of Support,
4- Extension of Support – 1
These four lines have to be drawn. Out of which the market has already hit two lines. Now both these lines will become risky. Or you will become completely safe after reaching the top. It is a very simple market. Many reversals can be found in this market. 7-8 trades are made today.