Will Bank Nifty and Nifty Bounce Back on 19-Feb-21
Hi guys today we are going to analysis the Nifty and Bank Nifty for 19-Feb-21.
Today Scenario:
Today Nifty opened at 15238.70 and touched day high of 15250.75 which was initial day High till 10:15am.
The Initial day low till 10.15am was 15199.95, once the cpr and initial day low was broken the index touched the 15Feb21 virgin cpr which was pivot s1, once it was broken the script has touched the day low of 15078.05 which was pivot s2 then retraced back and closed at 15118.95.
Today CPR will be virgin cpr which will be extended tomorrow as well.
CPR:
CPR Range: 15164.40 & 15134.10
Pivot Range: 15149.25
Pivot Based Support and Resistance:
R1 15,220.45 S1 15,047.75
R2 15,321.95 S2 14,976.55
R3 15,494.65 S3 14,803.85
CPR will be Bullish Bias.
Exponential Moving Average:
50Days EMA: 15137.51
20Days EMA: 15122.62
Will be tomorrow Scenario?
Case 1:
If the Script breaks the below expected CPR go for Short
Target: 15080 and 15000
Case 2:
If the script breaks above the expected cpr go for long.
Target: 15250.
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Bank Nifty:
Today Bank Nifty has opened at 37088.85 and touched the day high of 37108.75 which was initial high till 10:15am. The script touched the initial low of 36737.60 till 10:15am once the CPR and intial low was broken the index touched the day low of 36367.45 which was the pivot support 2 and closed at 36587.00
Expected CPR :
CPR Range: 36738.10 & 36637.40
Pivot Range: 36687.75
Pivot based Support and Resistance:
R1 37,008.02 S1 36,266.72
R2 37,429.03 S2 35,946.43
R3 38,170.33 S3 35,205.13
Exponential Moving Average:
50Days EMA: 36606.44
20Days EMA: 36571.53
Will be tomorrow Scenario?
Case 1:
If the Script breaks the below expected CPR go for Short
Target: 36000 and 35700
Case 2:
If the script breaks above the expected cpr go for long.
Target: 37200 and 37400.
Disclaimer: Kindly do your own analysis before executing this trade. I am not a SEBI Registered Analyst.
Today Scenario:
Today Nifty opened at 15238.70 and touched day high of 15250.75 which was initial day High till 10:15am.
The Initial day low till 10.15am was 15199.95, once the cpr and initial day low was broken the index touched the 15Feb21 virgin cpr which was pivot s1, once it was broken the script has touched the day low of 15078.05 which was pivot s2 then retraced back and closed at 15118.95.
Today CPR will be virgin cpr which will be extended tomorrow as well.
CPR:
CPR Range: 15164.40 & 15134.10
Pivot Range: 15149.25
Pivot Based Support and Resistance:
R1 15,220.45 S1 15,047.75
R2 15,321.95 S2 14,976.55
R3 15,494.65 S3 14,803.85
CPR will be Bullish Bias.
Exponential Moving Average:
50Days EMA: 15137.51
20Days EMA: 15122.62
Will be tomorrow Scenario?
Case 1:
If the Script breaks the below expected CPR go for Short
Target: 15080 and 15000
Case 2:
If the script breaks above the expected cpr go for long.
Target: 15250.
-----------------------------------
Bank Nifty:
Today Bank Nifty has opened at 37088.85 and touched the day high of 37108.75 which was initial high till 10:15am. The script touched the initial low of 36737.60 till 10:15am once the CPR and intial low was broken the index touched the day low of 36367.45 which was the pivot support 2 and closed at 36587.00
Expected CPR :
CPR Range: 36738.10 & 36637.40
Pivot Range: 36687.75
Pivot based Support and Resistance:
R1 37,008.02 S1 36,266.72
R2 37,429.03 S2 35,946.43
R3 38,170.33 S3 35,205.13
Exponential Moving Average:
50Days EMA: 36606.44
20Days EMA: 36571.53
Will be tomorrow Scenario?
Case 1:
If the Script breaks the below expected CPR go for Short
Target: 36000 and 35700
Case 2:
If the script breaks above the expected cpr go for long.
Target: 37200 and 37400.
Disclaimer: Kindly do your own analysis before executing this trade. I am not a SEBI Registered Analyst.
Trade closed: target reached