BANKNIFTY 15-11-2023
Daily CPR > Yearly ,Monthly, Weekly CPRs
Weekly CPR > Yearly CPR and Monthly CPR
Monthly CPR > YEARLY CPR
Conclusion : All CPRs are aliened for Bull Market.
Upside there is many resistance is very short range
1st resistance Daily Selling Zone (DCH4-DPR1)
2ND resistance Weekly Selling Zone (WCH4-WPR1)
3RD resistance Monthly Selling Zone (MCH4-MPR1)
Same on Downside there is Many Continuous Support
1st Support Daily CPR
2nd Support Weekly CPR
3rd Support Monthly CPR (is become weekly due to many times testing)
Conclusion :
Last line of Défense for bull is Monthly CPR. Only think for sell below this zone
In intraday we think for buy from daily/weekly CPR
Yesterday Market closed in India but open in International Market.
looks like open huge gap up so I am firstly interested in sell side once its taking support from any pivot zone I will go for buy opportunities.
Daily CPR > Yearly ,Monthly, Weekly CPRs
Weekly CPR > Yearly CPR and Monthly CPR
Monthly CPR > YEARLY CPR
Conclusion : All CPRs are aliened for Bull Market.
Upside there is many resistance is very short range
1st resistance Daily Selling Zone (DCH4-DPR1)
2ND resistance Weekly Selling Zone (WCH4-WPR1)
3RD resistance Monthly Selling Zone (MCH4-MPR1)
Same on Downside there is Many Continuous Support
1st Support Daily CPR
2nd Support Weekly CPR
3rd Support Monthly CPR (is become weekly due to many times testing)
Conclusion :
Last line of Défense for bull is Monthly CPR. Only think for sell below this zone
In intraday we think for buy from daily/weekly CPR
Yesterday Market closed in India but open in International Market.
looks like open huge gap up so I am firstly interested in sell side once its taking support from any pivot zone I will go for buy opportunities.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.