Dotted Pink Line - H1,H2
Dotted Brown Line - L1,L2
Red Line - R1,R2(Standard Floor )
Green Line - S1,S2
CPR (13 MAR) is way above CPR (12 MAR). day ahead.
Since CPR is way wide, it appears that today will be a sideways market.
CPR overlaps with L1 and L2, meaning CPR becoming a very strong support.
1) If low of CPR (28315) is broken, there will be a huge selling pressure. It may go up to S2.
2.) Since CPR is wide, I believe Index will move between H1,H2 and L1,L2. SHORT @ H2/H1 and LONG @ L2,L1.
3.) If H3 breaks out, it may test H4. if H4 is broken, H5 will be sure to be reached within the day.
CPR never broken.
If you had a long position, i 'll recommend booking profits( atleast some parts of your position) as it is unlikely it will go any further above from here.May go sideways now.