THURSDAY MARKET ALERT BY DR. VINAY PRAKASH TIWARI

  • Home
  • THURSDAY MARKET ALERT BY DR. VINAY PRAKASH TIWARI

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.  If we look at the support in the morning, the support has shifted from 19600 to 19500. There was support of open interest. It shifted to  weak towards top at 19550, that is, the support which was bearish also became bullish after that, so that its story has ended.

Resistance shifted from 19800 to 19600 and then became weak towards bottom at 19500. Resistance is weak towards bottom around 87%. And, support is around 77%-78%. The possibilities appear to be such that market will be at state of confusion, if the situation continues like this. In such a case the market will be on the verge of consolidation. However, what is visible in the market is showing a selling environment from the top.

If we talk about 4 magical lines:-

1- Put side of WTT, 19550 on the extension of support

2- Diversion on both call sides

3- Extension of 19600,

These are creating 4 magical lines in themselves.

If there is a state of confusion on both sides, then within some time the market will start falling. After that the market will consolidate. At present the situation looks like this. If the support remains strong, the market will remain bearish. If by mistake the percentage of support which is weak towards top , starts increasing and the resistance becomes strong then the market will move to the extension of resistance.

 

1 Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

X