Bank Nifty has opened at 30700.65 on the Last Working Day
of the Month.
The Bank Nifty touched day low at 30254.55 which is the
CPR Range acted as the support.
Bank Nifty braked the previous day High which acted as
the Turning Point and bounced back to 31111.95 and
closed at 30565.50.
What will be on Monday Intraday on Bank Nifty?
Previous Day CPR will be acted as Virgin CPR
CPR: 30683.25 & 30604.75
PR: 30644
Support and Resistance:
R1 31,033.45 S1 30,176.05
R2 31,501.40 S2 29,786.60
R3 32,358.80 S3 28,929.20
CPR - Bullish Bias.
Strategy:
Case 1 :
If the Script breaks above the CPR and then go for Long
Target 31100 & 31600
or
Case 2:
If the Script Breaks below the CPR and then go for short
Target -30000 and 29700.
Disclaimer: Kindly do your own analysis before executing this trade.
of the Month.
The Bank Nifty touched day low at 30254.55 which is the
CPR Range acted as the support.
Bank Nifty braked the previous day High which acted as
the Turning Point and bounced back to 31111.95 and
closed at 30565.50.
What will be on Monday Intraday on Bank Nifty?
Previous Day CPR will be acted as Virgin CPR
CPR: 30683.25 & 30604.75
PR: 30644
Support and Resistance:
R1 31,033.45 S1 30,176.05
R2 31,501.40 S2 29,786.60
R3 32,358.80 S3 28,929.20
CPR - Bullish Bias.
Strategy:
Case 1 :
If the Script breaks above the CPR and then go for Long
Target 31100 & 31600
or
Case 2:
If the Script Breaks below the CPR and then go for short
Target -30000 and 29700.
Disclaimer: Kindly do your own analysis before executing this trade.
Trade closed: target reached