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. Currently, as we were able to see Nifty in the morning, support is at 19600 with weak towards bottom of open interest and resistance is at 19600 with weak towards top of volume. According to this, the market should stop till the diversion of 550. However, we should understand where this support and resistance will be created and how it will be created. We will take the decision accordingly. We will draw a line down at the diversion of 550. You might have noticed that both the volume and open interest at the support shifted downwards. We have to take care that this open interest does not come back upward. Since the market has shifted from top to bottom and the resistance week is towards top, in such a case the market should fall only one divergence extra to the bottom. Meaning as far as the week is towards bottom, it should fall till one divergence before it. Now since the support has shifted from the week towards bottom, then accordingly the market should fall one divergence extra below the support i.e. till the divergence of 450. But since the resistance is weak towards top, in such a case the market will not go beyond the support but will reverse from the extension of support. Extension of support i.e. extension of Rs 500. To know the value of the extension of 500, you have to click on the volume of put side of Rs 500. Whatever value is coming, we will draw a line on that value. As we saw, the market is already stuck on its diversion.

Resistance itself is weak towards top, earlier weak towards top was till 800. Now the weak towards top is till 700. We must wait more. Since the resistance is weak towards top, in such a case usually if the resistance is strong then trade can be taken from the call side diversion of 550 i.e. EOR – 1. But since the resistance is weak towards top, there will be some upward pressure. We should check whether any value came on the call side of 550 or not. Whatever is the value on the call side of 550, Whatever value is coming, draw a line there too.

We have to draw the fourth line on the extension of resistance at 600. This line is an important line in itself because it is an extension of resistance of the market. In this case, if the resistance becomes strong in the middle then EOR – 1 can also happen. There is bearish pressure in this market. Therefore we will keep a diversion of 550 for risky and 600 for safe. This is scenario number 8 in the chart of accuracy. We have to keep one thing in mind in such a case, if the support becomes very strong,  then the state of confusion will arise in resistance.