Thursday Market Alert By Dr. Vinay Prakash Tiwari

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  • 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  As we were able to see Nifty in the morning, resistance in Nifty was at 19800 and support at 19650. Resistance has shifted from top to bottom (shifted from 800 to 700). Support shifted from top to bottom, from 650 to 600. Resistance again turned weak towards bottom. The scenario of a blood bath is visible. Support seems Slightly weak towards top due to support shifting from top to bottom. And, it will remain visible until it becomes strong. Currently, the process of shifting is going on in support.

However, the percentage has been at 82% TO 84% for a long time in the market. But, the percentage of resistance which is weak towards bottom seems to be increasing slightly. In such a case, an atmosphere of selling from the top is visible.

Click on the call side of the nearest top of 19600, and the break out appears. Clicking on the call side of 650 shows the value of 665, which will be the first magical line. And that first line is the new EOR-1 because the resistance shifted from top to bottom and now again WTB.

Since the resistance in the market is weak towards bottom and has shifted from top to bottom, in such a case Extension of Resistance (New EOR) is a safe case. The new EOR is 706. A magical line will also be formed on 706. This is the maximum top of the day. According to these scenarios are being created, the market will not be seen above this point today.

Cases that can arise:-

1- Support can come back a maximum of 650.

2-Or at most the resistance will become strong again.

3- Or the resistance will be weak towards top.

4- A state of confusion may form in the resistance and the support will become completely strong.

In every case the extension of 700 is visible in itself. This is the top of the day. This will be the safest point.

Looking down from here, the diversion of 650 on put side is seen around 619. A magical line will be formed here also. This line will tell us that it is old EOS, but it just appears that the support is WTT, actually, it is not. By now the market had slowly risen to the new EOR – 1.

Whenever the market changes such diversion, it will draw another magical line at the value of 566 at the next extension of support i.e. diversion of 600. This line will be at the bottom. This place is the new EOS and if the market comes here then there is a blood bath in the market.

 

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