It's working fine...you just need to add the path to VLC
Code:
rtmpdump -r "rtmp://65.49.77.153/redirect/" -W "http://www.turbotv.in/wp-content/uploads/jw-player-plugin-for-wordpress/player/player.swf" -p "http://www.turbotv.in/mathrubhumi-news/" -y "asia10.stream" -V -T "Vu4KaBzaxa" -v | "C:\Program Files (x86)\VideoLAN\VLC\vlc.exe" -
